The exchange rate of the US dollar was relatively stable during morning transactions on Tuesday at major banks after a wave of declines over the past two days that reached about 30 piasters, recording its biggest daily retreat in two years.

The dollar exchange rate settled at EGP 17.61 for buying and EGP 17.71 for selling at the National Bank of Egypt and Banque Misr.

The price at the Commercial International Bank was stable at EGP 17.60 for buying and EGP 17.70 for selling.

At the Arab African International Bank, Bank of Alexandria and Abu Dhabi Islamic Bank the rate recorded EGP 17.58 for buying and EGP 17.68 for selling.

At the National Bank of Greece, it recorded EGP 17.57 for buying and EGP 17.67 for selling