The Egyptian Pound to US dollar exchange rate plunged during the banking sector’s dealings on Monday.
According to last price updates, US dollar prices witnessed a significant decline by four piasters, to record LE17.64 for purchase and LE17.74 for sale in the Alexandria Bank.
Similarly, the US dollar price plummeted to LE17.65 for purchase and LE17.68 for sale, from LE17.68 for purchase and LE17.78 for sale In the Commercial International Bank (CIB).
In Bank al-Qahirah and the Arab African International bank (AAIB), US dollar prices declined by three piasters, to record LE17.65 for purchase and LE 17.75 for sale.
US dollar price retreated by three piasters, in al-Ahli Bank of Kuwait and the National Bank of Greece, to record at LE17.62 for purchase and LE17.72 for sale.
In the National Bank of Egypt (NBE) and the Abu Dhabi Islamic Bank (ADIB), the US dollar dropped by two piasters, to settle at LE17.67 for purchase and LE17.77 for sale.
In Bank Misr, al- Baraka Bank and HSBC the US dollar price also fell by two piasters, to record LE17.6 for purchase and LE17.78 for sale.
Saudi Riyal declined by a piasters in the National Bank of Egypt (NBE), to record LE4.73 for sale price while the purchase price fixed at LE4.71.
Edited Translation from Al-Masry Al-Youm