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Dollar weakens against pound at 5 banks midday
The US Dollar exchange rate against the Egyptian Pound decreased in five banks during the midday transactions today, with the decline ranging between 7 and 11 pence compared to the start of the day. The National Bank of Egypt recorded a buying price of 51.63 pounds and a selling price of 51.73 pounds, while Banque Misr quoted a buying price of 51.66 pounds and a selling price of 51.76 pounds. The prices at the other banks also fell by similar margins. These changes are impacting the local market and serve as an indicator of current exchange rate movements.
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