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USD falls against EGP at local banks on Monday

USD falls against EGP at local banks on Monday
The USD dropped to EGP 15.65 for buying at ADIB

Cairo – Mubasher: The US dollar exchange rate declined against the Egyptian pound at 12 local banks on Monday.

The USD dropped to EGP 15.65 for buying and EGP 15.75 for selling at Abu Dhabi Islamic Bank (ADIB) and EGP 15.63 for buying and EGP 15.73 for selling at Al Ahli Bank of Kuwait.

Meanwhile, the greenback fell to EGP 15.61 for purchasing and EGP 15.71 for selling at the National Bank of Greece Egypt, the National Bank of Egypt (NBE), and Banque Misr.

Similarly, the USD went down to EGP 15.6 for buying and EGP 15.7 for selling at Bank Audi, Societe Arabe Internationale de Banque (SAIB), Misr Iran Development Bank, and Credit Agricole.

Moreover, the USD decreased to EGP 15.59 for buying and EGP 15.69 for selling at Arab African International Bank (AAIB) and EGP 15.58 for purchasing and EGP 15.68 for selling at the United Bank of Egypt and Commercial International Bank (CIB).

According to the Central Bank of Egypt (CBE), the USD averaged EGP 15.6 for buying and EGP 15.7 for selling on Sunday.