Experts explain why the US dollar exchange rate has risen against the Egyptian pound ...Egypt

Recent regional tensions have impacted the US dollar exchange rate against the Egyptian pound, which witnessed a recent increase sometimes exceeding LE49 pounds per one dollar, experts told Al-Masry Al-Youm. This came at around the time Egypt received the third tranche of the International Monetary Fund (IMF) loan, which exceeded approximately US$800 million. Professor of economic risk management Ahmed Shawky said that there are three main reasons behind the increase, including regional tensions and waiting for the military response Iran threatened to take since the assassination of Hamas leader Ismail Haniyeh in Tehran. Shawky added that this also coincides with the increase in demand to pa

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