The price of the US dollar witnessed a new rise in Monday mid-trading in most banks operating in Egypt. Monday’s prices: Central Bank of Egypt Purchase LE19.49 Sale LE19.61 National Bank of Egypt Purchase LE 19.59 Sale LE 19.65 Commercial International Bank Purchase LE19.53 Sale LE19.59 Banque Misr Purchase LE19.59 Sale LE19.65 The Central Bank of Egypt decided on Saturday to raise the required reserve ratio in banks from 14 percent to 18 percent. The CBE confirmed in the periodic bulletin that the decision contributes to restricting the monetary policy it pursues. In its meeting on Thursday the Monetary Policy Committee of the CBE kept the overnight deposit and lending rates an
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