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Editor in Chief Mohamed Wadie

Dollar Drops 13 Piastres against Egyptian Pound in Less than Week


Sun 09 Jun 2024 | 05:34 AM
Dollar Exchange Rate Exceeds EGP 24 Barrier
Dollar Exchange Rate Exceeds EGP 24 Barrier
Taarek Refaat

The dollar recorded 47.53 against the Egyptian pound on Saturday, dropping more than 13 piastres in less than a week.

The lowest price of the dollar against the pound recorded about 47.4 pounds to buy and 47.5 pounds to sell in MIDBank and Al Ahli Bank of Kuwait.

While, the highest price of the dollar against the pound was recorded at about 47.7 pounds for purchase and 47.8 pounds for sale at Abu Dhabi Islamic Bank (ADIB).

The second highest dollar price against the pound came at about 47.54 pounds for purchase and 47.64 pounds for sale at Banque Misr.

The greenback recorded  to 47.45 buy and 47.58 to sell at the Central Bank of Egypt (CBE).

Meantime, Egypt's foreign reserves rose by the end of May to $46.125 billion, recording a significant increase of more than $5 billion.

CBE Exchange Rate

                              Buy    Sell

US Dollar           47.45   47.58

Euro                   51.60   51.75

Pound Sterling 60.63   60.82

Swiss Franc      53.23   53.39

Saudi Riyal       12.65   12.68

Kuwaiti Dinar  154.87 155.35

UAE Dirham    12.91    12.95