Finance Ministry refutes rumors on US dollar rate reaching LE40

During a phone-in with Sada al-Balad channel on Thursday, Maait touched on rumors on social media regarding the rise in the price of the US dollar against the Egyptian pound, and it will increase to LE 40.

“This is an unfounded rumor,” he said, pointing out that most of these rumors come from abroad with the aim of undermining the stability of Egypt, in light of the global crises facing the world.

The Finance Minister commented: “I hope that 2023 will be a year of stability, whether security or economic.”

The Media Observatory of the Egyptian Finance Ministry stated that disinformation online has attributed false statements to Finance Minister Mohamed Maait about the Egyptian pound.