File Photo: shows Egyptian pound and US dollar banknotes. AFP
At the Central Bank of Egypt (CBE), the exchange rate closed at EGP 51.19 to 1 USD, up from EGP 50.66 on Thursday.
The US dollar was similarly quoted at EGP 51.07 for buying and EGP 51.17 for selling at major banks, including the National Bank of Egypt, Banque Misr, and Banque du Caire.
The Commercial International Bank (CIB) maintained the same rates, with the dollar priced at EGP 51.07 for buying and EGP 51.17 for selling.
The tariff hike imposes a 10 percent levy on imports from 180 countries, including Egypt, and is a key factor influencing the fluctuation in Egypt's currency.
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