US dollar falls in Egypt Monday ...Egypt

The price of the US dollar fell against the Egyptian pound, Monday, October 10, by seven piasters at the Central Bank of Egypt, to record LE19.68, compared to LE19.75 on Sunday.   US dollar price in Egyptian banks was as follows on Monday: 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 on Saturday raised 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

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