Dollar Declines against Egypt Pound to 49.40
Taarek Refaat
The US dollar exchange rate witnessed a significant decline against the Egyptian pound on Wednesday, in a number of banks.
Most major banks recorded selling prices ranging between EGP 49.40 and EGP 49.68, reflecting the continued slight decline in the dollar's value in the banking market.
The Suez Canal Bank recorded the lowest buying price for the dollar at EGP 49.40, while the National Bank of Kuwait recorded the highest selling price at EGP 49.68.
At the central Bank of Egypt the greenback recorded to buy 49.42 and 49.56 to sell following Eid Al-Adha weekend.
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