Dollar rally drives euro above 62 pounds
The rise of the dollar against the Egyptian pound has caused the euro to reach a new record high in five banks, with increases ranging from 1.03 to 1.57 pounds compared to yesterday's rates. The euro price at the National Bank of Egypt was 62.3 pounds for selling and 61.94 for buying. At Banque Misr, it was 62.27 pounds for selling and 61.95 for buying. In other banks, the rate hovered around 62.3 pounds for selling and between 61.95 and 61.97 for buying. This came after the dollar hit a historic level exceeding 55 pounds, amid partial selling by foreign investors in treasury bills.
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