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14-01-20
Egyptian pound increases by about 14 piasters next to USD
(MENAFN) Central Bank of Egypt (CBE) said that, on Monday, the USD kept on turning down below EGP 16, arriving at EGP 15.86 to buy and EGP 15.96 to sell on average at banks on Monday.
The Egyptian pound valued by about 14 piasters next to the USD since last Wednesday, gaining on Monday about 6 piasters compared to Sunday"s exchange rate, which was EGP15.92 to sell and EGP16.05 to buy.
This turn down comes after a noticeable raise in banks" foreign exchange resources, especially from foreign exchange fund investments in Egyptian financial markets.
The total foreign exchange flows of banks recorded about USD1.7 billion since last Wednesday until Monday.
MENAFN1401202000450000ID1099548478
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