Market indicators showed a decline in the dollar exchange
rate in most banks operating in Egypt, affected by the decline in demand for
the US currency and the growing confidence in the stability of the local
exchange market, especially after the recent measures taken by the Central Bank
of Egypt.
Dollar price at Egyptian banks on Thursday:
Central Bank of Egypt:
Buying: EGP 49.54
Selling: EGP 49.67
National Bank of Egypt:
Buying: EGP 49.45
Selling: EGP 49.55
Banque Misr:
Buying: EGP 49.45
Selling: EGP 49.55
Alexandria Bank:
Buying: EGP 49.45
Selling: EGP 49.55
Commercial International Bank (CIB):
Buying: EGP 49.46
Selling: EGP 49.56
Banque du Caire:
Buying: EGP 49.45
Selling: EGP 49.55
Dollar price movements in Egypt
This decline in the dollar price comes after gradual
increases over the past few days, reflecting natural fluctuations in the
foreign exchange market. The dollar exchange rate in Egypt is linked to several
factors, including the volume of foreign inflows, monetary policies, and the
level of foreign exchange reserves.