File photo: An employee counts U.S. dollar bills at a money exchange office in central Cairo, Egypt, March 20, 2019. (Photo: Reuters)
The exchange rate of the Egyptian pound to the US dollar was relatively stable during morning transactions on Sunday at major banks, after a wave of declines over the past few weeks that reached 110 piastres* since the beginning of 2019, according to the Central Bank of Egypt (CBE).
The dollar exchange rate settled at EGP 16.73 for buying and EGP 17.83 for selling at the National Bank of Egypt and Banque Misr.
The rate stood at EGP 16.69 for buying and EGP 16.79 for selling at the Commercial International Bank (CIB).
It recorded EGP 16.70 for buying and EGP 16.80 for selling at Bank of Alexandria.
At the Arab African International Bank, the dollar exchange rate settled at EGP 16.73 for buying and EGP 16.83 for selling.
The dollar price stood at EGP 16.71 for buying and EGP 16.81 for selling at the National Bank of Greece.
*1 EGP = 100 piastres