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US dollar recovers, Egyptian pound maintains gains

Thu, Feb. 27, 2020
CAIRO - 27 February 2020: The US Dollar exchange rate continued to recover against the Egyptian pound for the third day in a row during transactions at major banks on Thursday.

The US currency gained two more piasters, making its rate ranges at banks between LE 15.53 to LE 15.57 for buying and LE 15.63 to LE 15.67 for selling.

Despite the recovery of the US dollar which gained about 8 piasters against the Egyptian pound over the past three days, the Egyptian pound maintained its weekly gains which hit about 20 piasters, bankers told MENA.

At the National Bank of Egypt and MIDBANK, the dollar exchange rose two piasters, recording LE15.55 for buying and 15.65 for selling.

The exchange rate rose one piaster at Banque Misr and the National Bank of Greece, registering LE 15.54 for buying and LE 15.64 for selling.

The dollar rate increased one piaster at the Arab African International Bank, SAIB Bank, Credit Agricole, Abu Dhabi Islamic Bank and the United Bank of Egypt to register LE 15.56 for buying and LE 15.66 for selling.

The dollar rate remained stable at the Commercial International Bank, registering LE 15.55 for buying and LE 15.65 for selling.
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