The US dollar exchange rate dropped during Sunday's transactions at major Egyptian banks, supported by the decision of the Central Bank's Monetary Policy Committee (MPC), last Thursday, to fix interest rates.
The price of the dollar dropped to piastres to record EGP 15.63 to buy and EGP 15.73 to sell at the National Bank of Egypt (NBE), Banque Misr, Arab Investment Bank, and the Arab International Bank (AIB).
The dollar also declined 1 pt. to EGP 15.65 to buy and EGP 15.75 to sell at Credit Agricole, the Commercial International Bank (CIB), and QNB.
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