The Egyptian Pound is a candidate to be the most volatile between North Africa currencies in 2025

The fluctuations of the Egyptian pound are expected to continue this year, but Tunisia’s currencies, Morocco and Algeria will not see a significant change, according to a recent “BMI” report, the “Fitch Solichins” research unit. The report indicated that the movement of the dollar has a direct impact on the Tunisian Dinar and the Moroccan Dirham, and to a lesser extent on the Algerian Dinar, but the Egyptian pound will be subject to additional declining pressure, such as the reluctance of emerging market investors, the high burglary and geopolitical conditions and a merits of the fault. The Egyptian pound still varies the report expects the Egyptian pound to be traded within 50 to 55 pounds per dollar during 2025, with a reach of 52.5 pounds for the dollar by the end of the year, in view of factors that will be equal to the impact of the declining pressure, such as the approval of the international money fund of the Naviation of the Natural Loan and the Success of the Success of the Success of the Natural Loan and the Success of the Success of And the success of the success of the authorities in the year in the Red Sea adds $ 400-500 million monthly to the Suez channel income. Also read: Egypt touched the international bond market for the first time in 4 years, with two billion dollars in the launch of two billion dollars, and Egypt still lacks the dollar, as the import of petroleum products requires 20 billion annually, in addition to importing other basic commodities, according to President Abdel Fattah El -sisi. A narrow scope of the Tunisian dinar that earns international bonds worth one billion dollars at the end of this month, followed by other debt of $ 731.6 million in April, and the central bank will pay on behalf of the government, which will reduce foreign reserves and the bank’s ability to defend the dinar. The report expected the Tunisian Dinar to be traded in a narrow series during the first half of the year, approximately the current immediate price of 3.20 dinars for the dollar, but it will improve a bit during the second half with the decrease in debt burden to 3.08 dinars per dollar by the end of the year. Also read: Tunisia uses the central bank to pay debt amid the obstacle of the economy. Tunisia has been suffering from economic stagnation since the protests that demanded democracy in 2010, and it has problems with strengthening its income from the main sectors that generate foreign currencies such as manufacturing and phosphate. Negotiations stopped more than a year ago over possible support from the International Monetary Fund, after President Qais Saeed rejected as an external “dictate”. Stability in Morocco and Algeria continues with the foreign reserves in Morocco, supporting the local currency that the report expects to remain stable at the current immediate price of 9.99 dirhams per dollar in the near future. But he pointed out that the movement of the dollar index could lead to a slight improvement in the exchange rate of the Moroccan currency during the second half of 2025 to end the year at 9.95 dirhams per dollar, by placing a decrease in the dollar index to 103. The Kingdom began the liberalization of its currency exchange rate in 2018, with the approach of an extent of the fluctuation of 2.5% and occasionally and dropped, and in 2020, and in 2020 it was, and it expanded in 20 20. dollar with 40%. In Algeria, the report expected that the Dinar trade continued in a scope near its current level of 134.51 dinars per dollar, without any benefit of the expected drop in the dollar in the second half, due to low oil prices. Also read: Algeria is looking forward to raising private investments and a greater exploitation of wealth in 2025. The BMI oil and gas team expects Brent’s average price to fall to $ 76 a barrel last year, compared to $ 79.9 last year, which will form Algeria’s ability to form more foreign reserves that already have 1.8% in the prices of the countries. supported. The current year will spend 42 billion dollars in this regard, representing more than a third of the budget, and this includes cash support for individuals and government companies, which, according to official data, support education, health and housing programs. The government adheres to a policy of supporting and lowering energy and food prices in order to maintain purchasing power. Inflation is expected to drop to 5.2% this year, after reaching 5.3% last year, according to the last report of the International Monetary Fund on the prospects for the regional economy.