Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Dollar Drops 4 Pt. Towards EGP 16 


Thu 24 Oct 2019 | 10:07 PM
Taarek Refaat

The US dollar continued its decline against the Egyptian pound, losing about 4 piastres in most banks by the end of trading on Thursday, approaching the level of EGP 16.

The price of the dollar in Banque Misr and National Bank of Egypt (NBE) fell by about 4 piastres during today's trading, reaching EGP 16.1 to buy, and EGP 16.2 for sale, compared to EGP 16.14 and EGP 16.24 by the end of trading on Wednesday.

The pound increased 4 pt. in the Commercial International Bank (CIB) during the trading to reach EGP 16.08 for buying and EGP 16.18 for selling, compared to EGP 16.12 and EGP 16.23 during yesterday's trading.

At the Arab African International Bank (AAIB), the greenback went down 4 pt., registering EGP 16.10 and EGP 16.20.

The dollar also fell in Abu Dhabi Islamic Bank (ADIB) during Thursday trading to record EGP 16.15 to buy and EGP 16.24 for sale, compared to 16.16 and 16.25 a day earlier.