Regional tensions drive up dollar against Egyptian pound

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Cairo: The price of the US dollar against the Egyptian pound increased over the past few days, and one dollar reached 49.25 Egyptian pounds. Egyptian economic experts attribute this increase to recent regional developments. Dr. Alaa Ali, an economic expert, said: “The biggest factor affecting the price of the dollar against the pound is the remittances of Egyptians abroad. This economist told Arab News: If it increases, the price of the dollar will stabilize or decrease against the pound, and if it decreases, the price of the dollar will increase, and as a result, the price of the pound will decrease.

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