A group of economists spoke about the big surprise that is expected to happen to the price of the dollar against the pound over the coming period in Egypt.
Experts in a survey conducted by Reuters and published by Egyptian media predicted that the dollar will fall against the Egyptian pound by June 2023.
As for the amount of the decline, experts had expected the dollar to fall to 26.24 against the pound by the end of June 2023.
Dollar prices stabilized against the pound today, Wednesday, at the end of trading, after Al-Akhdar lost about 2.31 pounds compared to the maximum price reached on Wednesday, Jan. today it was 29.74 pounds. in state banks.
Egyptian President Abdel Fattah El-Sisi said that Egypt has no problems with the dollar and we are working during the current period to reduce the burden on citizens.
And the President of Egypt stepped in, saying, “For the last 3 months there has been a big problem with the dollar, but by telling people we promised that within two months we will stop the accumulation of goods in the ports, and we have finished most of this, and we do not have dollar problems.
Source: Sada El Balad
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