📌The price of the dollar has decreased against the pound in Egypt, recording its lowest level since December 2024, dropping below 50 pounds, at a time when a delegation from the International Monetary Fund is visiting Egypt to conduct the fifth review of Egypt's economic reform program
📌Analysts who spoke with #CNN_Economics say that the decline in the dollar's price reflects a clear improvement in hard currency inflows to Egypt, but the continuation of this decline will be at risk due to Egypt's large hard currency obligations and ongoing challenges
📌Since December 2024, the dollar has been trading above 50 pounds for the first time since Egypt adjusted its currency price in March 2024
📌Remittances from Egyptians working abroad increased significantly by 72.4% during the period from March 2024 to February 2025, reaching 32.6 billion dollars, according to data from the Central Bank of Egypt
