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Dollar fluctuations disrupt commodity prices and pressure Egyptian markets
The article discusses the impact of exchange rate fluctuations of the dollar on Egyptian markets. The rise of the dollar and the decline of the Egyptian pound have led to disruptions in the pricing of basic goods such as flour, oil, and meat. There has also been a 10 to 15 percent increase in the prices of certain electrical appliances at the beginning of the year, with expectations of continued volatility. The government has a plan to stabilize the markets within ten days, which includes establishing a national company to ensure smooth supply management, reduce costs, and provide goods at reasonable prices. The aim is to curb inflation and combat commercial greed. Despite these efforts, inflation dropped to 14.3 percent in June, although market pressures remain due to exchange rate fluctuations.
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