USD falls below EGP 50 for the first time since March
· Egyptian market news
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Without further ado, the news…
📍 The USD fell below the psychological EGP 50 mark across several local banks on Wednesday for the first time since March
The correction marks a sharp reversal from the record highs of over EGP 54 triggered by the flare-up of the US-Iran war
“The decline of the USD below EGP 50 does not mean we have returned to pre-war levels, nor that we are necessarily heading there.
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🌐 Still dominating the front pages today are the terms included in the 14-point agreement between the US and Iran CNN
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