24 Hrs
Source:
اليوم السابع
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Dollar drops sharply against pound
The exchange rate of the US dollar against the Egyptian pound decreased during the morning transactions to below 50 pounds in all Egyptian banks, with the decline ranging between 60 and 65 piastres. At the National Bank of Egypt, it was approximately 49.70 pounds for buying and 49.80 pounds for selling. At Bank Misr, it was around 49.60 pounds for buying and 49.70 pounds for selling. The Central Bank of Egypt quoted about 50.21 pounds for buying and 50.35 pounds for selling. This decline comes as part of the government's and foreign exchange market's efforts to reduce the dollar's value against the pound, reflecting a noticeable improvement in the local currency's value after a prolonged period of continuous increase.
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