Dollar Extends Losses against EGP

The US dollar dropped against the Egyptian pound in eight different banks by the end of Thursday's trading, while the price settled in two others.

The price of the US currency dropped 1 piastre in the National Bank of Egypt (NBE) and the Arab African International Bank to record EGP 17.07 for purchase, and EGP 17.17 for sale.

The Commercial International Bank (CIB) cut the price of the US currency to EGP 17.06 to buy and EGP 17.16 for sale.

The price of the US currency in Banque Misr fell 3 piastres, registering EGP 17.07 for purchase and EGP 17.17 for sale.

The banks of Alexandria, Credit Agricole also observed a drop to settle at EGP 17.08 and EGP 17.18.

In Housing & Development Bank, the dollar fell 4 piastres to record EGP 17.07 for purchase, and EGP 17.17 for sale.

In addition, the price of the US currency in Al-Baraka Bank dropped 3 piastres at EGP 17.09 for purchase, and EGP 17.09 pounds for sale.

As for Abu Dhabi International Bank (ADIB), the US currency remained steady at EGP 17.15 and EGP 17.22.

Finally, the price of the greenback also settled at Suez Canal Bank at EGP 17.08 and EGP 17.18 for sale.