1 Day
Source:
مصراوي
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Dollar falls to two-week low
The dollar fell against the Egyptian pound by about EGP 1.25, or 2.2%, during the first four days of the week, reaching a two-week low. At the National Bank of Egypt, it was quoted at EGP 54.74 to buy and EGP 54.84 to sell. The decline was attributed to foreign investors returning to buy government treasury bills, increasing the supply of foreign currency and reducing demand for dollars, after nearly $3.5 billion in foreign investment flowed out of treasury bills during October.
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