11 Hrs
Source:
الاقتصادية
Egyptian dollar rate surpasses 53 pounds
Economic analysts expect the dollar's exchange rate against the Egyptian pound to end 2026 between 53 and 54 pounds. This forecast comes amid ongoing pressures from geopolitical tensions and rising import costs, which pushed the dollar past the 53-pound mark for the first time since May. Nonetheless, economic indicators such as increasing foreign exchange reserves and remittances from Egyptians abroad provide support to the pound. These forecasts also suggest a slight decline in the currency's value as oil prices decrease and geopolitical situations stabilize.
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