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US dollar rises against Egyptian pound on Monday

US dollar rises against Egyptian pound on Monday
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Cairo - Mubasher: The US dollar exchange rate has increased against the Egyptian pound to EGP 17.4 for buying and EGP 17.5 for selling at the National Bank of Egypt (NBE) and Banque Misr.

The USD exchange rate rose to EGP 15.6 for buying and EGP 15.75 for selling.

It is noteworthy to mention that on Monday, the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided to raise interest rates by 100 basis points.