The Egyptian pound’s exchange rate against the USD increased by 5.83%, or EGP 1.042, year-to-date at the Central Bank of Egypt (CBE).
The USD declined against the EGP at 15 banks on Thursday.
The USD went down by 5 piastres at Banque du Caire and Banque Misr, reaching EGP 16.85 for buying and EGP 16.95 for selling.
The American currency lost 7 piastres at the Commercial International Bank (CIB), recording EGP 16.81 for buying and EGP 16.91 for selling.
Furthermore, the USD retreated 8 piastres at the Abu Dhabi Islamic Bank (ADIB), registering EGP 16.92 for buying and EGP 17 for selling.