Dollar price in Egypt rises to LE48 up from LE42 last week ...Egypt

EGYPT INDEPENDENT - Economy
Dollar price in Egypt rises to LE48 up from LE42 last week
The price of the dollar rose against the Egyptian pound by at least five pounds, exceeding LE47 according to the “Masrawy” website and LE48 according to the “Al-Sarf Al-Youm” (The Exchange Today) website. The price of the dollar rose was previously LE42 one week ago, while its official price in banks is still at LE31. This jump comes despite the Central Bank of Egypt‘s announcement of an increase in net foreign reserves. Masrawy reported that the reason for the increase was due to the high demand for purchasing it, brought on by the continued pressure of currency shortages in banks and money exchanges.   Dollar concerns The “Cairo 24” website reported that Egyptian banking experts saying tha

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