By: Taarek Refaat
CAIRO, Jan 30. (SEE)- The US dollar rose against the Egyptian pound at Wednesday’s trading with an estimated rate of 2-3 piasters recording EGP 17.60 at the buy rate and 17.70 for the sell rate.
The dollar exchange rates dropped 27 piasters last Sunday to two years low against the EGP amid increasing foreign fund inflows.
The greenback has witnessed a decline during last week’s trading, in which the dollar recorded EGP 17.58 and 17.68. However, the USD recovered two piasters over the past couple of days recording 17.60 EGP for purchase and 17.70 for sale.