Dollar exchange rate continues downward trend at Egypt's major banks

CAIRO, Aug 4 (MENA)- The US dollar exchange rate maintained its downward trend during transactions at major banks on Sunday, dropping by two to three piasters versus the pound.

The dollar value has dropped about 1.30 piasters since the start of the year.

At the National Bank of Egypt and Banque Misr, the dollar rate declined by two piasters, recording EGP 16.51 for buying and EGP 16.61 for selling.

At the Commercial International Bank, the dollar rate went down by two piasters, registering EGP 16.48 for buying and EGP 16.58 for selling.

The dollar price stood at EGP 16.50 for buying and EGP 16.60 for selling at the Arab African International Bank.

The price dropped three piasters at the Bank of Alexandria, recording EGP 16.49 for buying and EGP 16.59 for selling.

At the National Bank of Greece, the dollar exchange rate was down by two piaster, registering EGP 16.52 for buying and 16.62 for selling.