Egypt Sets EGP 47/$ Benchmark in Budget, Adopts Cautious Growth Outlook

Cairo — Egypt has set an average exchange rate assumption of EGP 47 per US dollar in its draft FY 2026/27 budget, as authorities seek to anchor fiscal planning amid continued currency volatility, Finance Minister Ahmed Kouchouk told parliament. The announcement, delivered during the government’s budget presentation to the House of Representatives, comes as the […]