US dollar stabilizes on Friday ...Egypt

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The price of the US dollar stabilized against the Egyptian pound, on Friday, to record an average exchange rate of LE19.61 for purchase, and LE19.67 for sale. The price of the dollar against the Egyptian pound on Friday morning was as follows: Banque du Caire Purchase: LE19.63 Sale: LE 19.69 Banque Misr Purchase: LE19.61 Sale: LE19.67 National Bank of Egypt Purchase: LE19.61 Sale: LE19.67 Commercial International Bank Purchase : LE19.63 Sale: LE19.69 The Central Bank of Egypt decided, on Saturday October 1, 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 polic

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