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الشرق الأوسط
Egyptian market instability affects purchases
The article discusses the impact of the rising exchange rate of the Egyptian pound against the US dollar, which reached 52.70 pounds compared to 48 pounds before the Iranian war on commodity prices, especially imported electrical appliances. This has led to increased costs and weakened purchasing power, amid a sluggish market and consumer fears of rising prices. Experts also pointed to a reduction in production and layoffs in factories, due to higher production costs such as electricity and declining demand. There are also expectations of more severe crises if the Central Bank raises interest rates, in light of ongoing inflation and the declining activity of the private sector.
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