Egyptian pound maintains stability of exchange rate

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Mon, 16 Oct 2017 - 09:38 GMT

The Egyptian pound coin- Winter Sorbeck via Wikimedia Commons

The Egyptian pound coin- Winter Sorbeck via Wikimedia Commons

CAIRO- 16 October 2017: The Egyptian pound exchange rate was stable against U.S. dollar in Monday's morning banking transactions.

The exchange rate of the U.S. dollar recorded an average of LE 17.60 for buying and LE 17.70 across state-owned banks the National Bank of Egypt, Banque Misr and the Arab African International Bank.
Meanwhile, it recorded LE 17.58 for buying and LE 17.68 for selling in the Central Bank of Egypt, Banque du Caire and private sector’s biggest bank the Commercial International Bank.

Slightly going down, the euro exchange rate stood at LE 20.75 for buying and LE 20.93 for selling, compared to LE 20.77 for buying and LE 21.01 for selling in the latest transactions.
The GBP (British Pound) registered LE 23.36 for buying and LE 23.55 for selling, compared to LE 23.32 for buying and LE 23.60 for selling Sunday.

As for the Arab currencies, the Saudi Riyal stabilized at LE 4.69 for buying and LE 4.71 for selling, according to the CBE.

The Kuwaiti dinar recorded LE 58.24 for buying and LE 58.63 for selling.

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