04:31 PM
Monday 08 June 2020
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I wrote – Sherine Salah:
The price of the dollar fell 3 piasters versus the pound during Monday’s trading, to 16.14 pounds for purchase and 16.24 pounds for sale, according to the central bank data.
The price of the dollar rose for the first time in two months in mid-May last, and only last week rose 34 piasters.
Banking sources said today, Monday, to Masrawy, that the banks monitored an increase in foreign exchange resources flows to banks today, which pushed the price of the dollar down after the announcement of an agreement with the International Monetary Fund to obtain a loan worth 5.2 billion dollars.
The sources added that there are various flows, including noticeable flows for foreign investors in the Egyptian market.
During today’s trading, the price of the American currency, two piasters in the National and Egyptian Banks, fell to 16.13 pounds for purchase, and 16.23 pounds for sale.
The price of the dollar dropped by two piasters in Cairo, Housing and Development, and the African-Arab banks to 16.15 pounds for purchase, and 16.25 pounds for sale.
The price of the dollar fell 4 piasters at the Commercial International Bank to 16.13 pounds for purchase, and 16.23 pounds for sale.
The price of the dollar fell 3 piasters in the banks of the Suez Canal, Alexandria, and Credit Agricole to 16.14 pounds for purchase, and 16.24 pounds for sale.
The price of the dollar in Abu Dhabi Islamic Bank stabilized at 16.17 pounds for purchase, and 16.27 pounds for sale.
The price of the dollar remained stable at Al Baraka Bank at 16.03 pounds for purchase, and 16.13 pounds for sale.
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