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The exchange rate of the dollar against the pound stabilized during the trading session on Wednesday 18 / 7-2018, recording 17.82 pounds on the purchase, 17.95 pounds on sale, according to recent statistics from the Central Bank of Egypt. The Bank of Egypt recorded 17.78 pounds on the purchase, 17.88 pounds on sale, 17.78 pounds on the purchase, 17.94 pounds on sale, 17.94 books for sale, 17.78 pounds for purchase, 17.88 pounds for sale and 17.82 pounds for purchase. EGP for sale at Bank of Alexandria, while in Suez Canal Bank recorded 17.84 pounds at purchase, 17.94 pounds for Aa. The Central Bank of Egypt decided to liberalize the exchange rate according to the mechanisms of supply and demand on November 3, 2016. In order to confirm its confidence in the Egyptian economy and achieve to a monetary stability focused on inflation, it decided to Foreign exchange by the liberalization of exchange rates to give flexibility to banks operating in Egypt to the pricing of purchases and sales of currencies in order to restore its circulation in the legal circuits and to end the market alongside foreign currencies.
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