Dr. Mohamed Fouad, an economic expert, highlighted three key factors influencing the global movement of the U.S. dollar, noting that its recent decline is primarily tied to an 11% drop worldwide since the beginning of the year. n nIn an interview with media personality Neshat El-Dahy on the program “Bil Waraqa wal Qalam,” broadcast on TeN, Fouad explained that the Egyptian pound has benefited from this trend, depreciating only 5% against the dollar. n nHe emphasized that diverse foreign currency inflows into Egypt—including remittances from Egyptians abroad, tourism revenues, Suez Canal earnings, and gas exports totaling around $8.5 billion—have significantly strengthened monetary stability. n nOn another front, the economist noted that the government’s commitment to avoiding electricity load-shedding during the current summer has come with substantial financial costs, estimated at nearly $10 billion. He added that the energy sector remains a challenging area requiring more sustainable policies to manage its growing financial burden.
