Dollar rises against Egyptian pound following CBE’s devaluation of dollar exchange rate ...Egypt

The price of the dollar rose against the Egyptian pound on Wednesday morning in government and private banks, following several new decisions issued by the Central Bank of Egypt (CBE) – the most important being the devaluation of the dollar exchange rate against the Egyptian pound. Price of the US dollar on Thursday: ALEXBANK LE49.4 for purchase LE49.5 for sale Banque Misr LE49.1 for purchase LE49.3 for sale National Bank of Egypt LE49.3 for purchase LE49.4 for sale CIB LE49.80 for purchase LE49.80 for sale The Monetary Policy Committee of the CBE decided on Wednesday to allow the exchange rate to be determined according to market mechanisms. In a Wednesday statement, the committee

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