The US dollar exchange rate continued to decline compared to the Egyptian pound in major banks since the IMF announced it handed over the first batch of a US $12 billion loan to Egypt, equal to US $2.75 billion.
In the National Bank of Egypt the US dollar was worth LE15.3 for buying and LE15.8 for selling on Tuesday, compared to LE15.35 for buying and LE15.75 for selling on Sunday.
The Banque Misr valued the US dollar at LE15.32 for buying and LE15.85 for selling, compared to LE15.35 for buying and LE15.91 for selling on Sunday.
In Banque du Caire, the dollar was recorded at LE15.35 for buying and LE15.90 for selling on Tuesday, increasing by 35 piasters. And in the International Commercial Bank, the dollar was valued at LE15.35 for buying and LE15.75 for selling, compared to LE15 for buying and LE15.95 for selling on Sunday.
Edited translation from Al-Masry Al-Youm
