The central bank said that total flows Foreign exchange The banks have recorded about 1.7 billion dollars since last Wednesday.
The exchange rate is set at Egyptian banks According to the supply and demand mechanism, which began with the liberalization of the exchange rate on November 3, 2016, the higher the foreign currency supply, the lower the demand, the lower the price of the dollar.
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Attributed Egyptian Central Bank In a statement of the exchange rate movement to “a significant increase” in the banks’ foreign exchange resources, especially the investment of cash funds in the Egyptian financial markets.
The central bank said that total flows Foreign exchange The banks have recorded about 1.7 billion dollars since last Wednesday.
The exchange rate is set at Egyptian banks According to the supply and demand mechanism, which began with the liberalization of the exchange rate on November 3, 2016, the higher the foreign currency supply, the lower the demand, the lower the price of the dollar.
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