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The dollar on Thursday had a relatively quiet trading session against the Egyptian pound in several banks operating in Egypt: the dollar has dropped more than a pound and 35 piastres since the beginning of the year.
The exchange rate in Egyptian banks is determined according to the mechanism of supply and demand that started with the liberalization of the exchange rate on November 3, 2016. More foreign currency supply "dollar" is important and the lower the demand for him is low.
According to the latest update, the dollar has settled at the National Bank of Egypt and Bank Misr, registering £ 16.50 for the purchase and £ 16.60 for sale.
The dollar was also settled at Commercial International Bank to record £ 16.50 for the purchase and £ 16.60 for the sale.
At Arab African International Bank, the dollar is set at 16.50 LE for the purchase and at 16.60 LE for sale.
At the Bank of Alexandria, the dollar stands at 16.50 to buy and 16.60 pounds to sell.
At the National Bank of Greece, the dollar reached £ 16.50 on the purchase and £ 16.60 on the sale.
At the Islamic Bank of Abu Dhabi, the dollar fell by a penny to 16.53 pounds to buy and 16.62 pounds to sell.
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