The dollar exchange rate continued its decline against the pound on Monday for the second day in a row and lost about 7 piasters of its value, which increased speculation about its impact on the Egyptian economy in the coming period.

Economic analysts attributed the decline in the dollar over the past two days to the government's monetary policies and the increase in remittances from Egyptians abroad in recent weeks.

The dollar fell against the Egyptian pound, falling to 21 piasters per dollar for the first time in nine months, for an average boat price of 17.73 pounds, amid expectations that the decline will continue in the next two weeks.

The governor of the Central Bank of Egypt Tariq Amer, told the days ago to Bloomberg that the exchange rate of the pound almost constant in recent times is likely to see more movement in the coming period, after the completion of the mechanism to ensure the transfer of foreign funds.

Recently, the Central Bank of Egypt (CBE) announced that the total remittances of Egyptians working abroad rose by 5.7% to reach US $ 23.3 billion during the period from January to November 2018 compared to US $ 22.1 billion during the same period of the previous year.

The banking expert, Shahr al-Damati, predicted the continued decline of the dollar in the coming period, which will lead to a decline in all prices of all commodities during the coming period, and reduce inflation in general, which is a success of the policy of the Central Bank.

She pointed out that there are several factors that have helped the availability of foreign exchange, especially the increase in remittances of Egyptians abroad, the rising Suez Canal revenues, the recent rise in tourism and the increase in the return on exports during the past months, while rationalizing imports.