Cairo – Mubasher: The Egyptian pound exchange rate went down against the US dollar at local banks on Monday amid rising concerns over the spread of the new coronavirus (COIVD-19).

The USD grew by EGP 0.05 to EGP 15.64 for buying and EGP 15.74 for selling at the United Bank of Egypt and to EGP 15.65 for purchasing and EGP 15.75 for selling at Misr Iran Development Bank.

Moreover, the USD increased by EGP 0.04 to EGP 15.64 for buying and EGP 15.74 for selling at Egyptian Gulf Bank (EG Bank), Bank Audi, and Credit Agricole.

Similarly, the greenback went up by EGP 0.04 to EGP 15.63 for purchasing and EGP 15.73 for selling at Commercial International Bank (CIB) and Arab African International Bank (AAIB).

Moreover, the USD rose by EGP 0.03 to EGP 15.61 for buying and EGP 15.71 for selling at Banque Misr, while it stabilised at the National Bank of Egypt (NBE).

Meanwhile, the USD advanced by EGP 0.03 to EGP 15.64 for buying and EGP 15.74 for selling at Abu Dhabi Islamic Bank (ADIB).