The US dollar exchange rate witnessed a relative increase on Thursday compared to the Egyptian pound in most of Egypt’s banks.
The unstable price of the dollar comes as a result of the flotation of the Egyptian pound from November 2016 by the Central Bank of Egypt, bankers said.
In the Commercial International Bank (CIB), the dollar price increased by 4 piasters to record LE17.90 for purchase and LE18 for sale, compared to LE17.86 for purchase and LE17.96 for sale recorded in the past week.
In the Banque du Caire, the price of the dollar rose by 5 piasters to LE17.85 for purchase and LE17.95 for sale, compared to LE17.80 for purchase and LE17.90 for sale.
In Abu Dhabi Islmamic Bank, the dollar price rose to record LE17.92 for purchase and LE17.99 for sale, compared to previous rates of LE17.87 for purchase and LE17.97 for sale.
In Baraka Bank, the price of the dollar rose by 4 piasters to LE17.89 for purchase and LE17.98 for sale, compared to LE17.85 for purchase and LE17.95 for sale previously.
In the Arab African Bank and the Bank of Alexandria, the price of the dollar recorded LE17.85 for purchase and LE17.95 for sale, and in Bank Misr, it recorded LE17.84 for purchase, and LE17.94 for sale, as in the National Bank of Greece.
The lowest rate is in the National Bank of Egypt, where the dollar stands at LE17.82 for purchase and LE17.92 for sale.
Edited translation from Al-Masry Al-Youm