Egypt to revive fuel price reviews amid budget pressures

Egypt's Prime Minister Madbouly announced the reinstatement of a quarterly fuel price review mechanism starting in the first quarter of fiscal year 2026/27. The move comes as Egypt's new budget faces scrutiny over assumptions and ongoing pressure to service its debt. The central bank also denied reports of printing new small-denomination banknotes. Meanwhile, the US dollar exchange rate remained stable in Egyptian banks on July 1, 2026.