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The exchange rate of the dollar against the Egyptian pound at the end of Monday, March 18, 2019, a remarkable decline, is the largest of the last period, the value of the decline between 6 and 7 piastres in banks.
It is no secret that the reason for the decline in the exchange rate of the dollar against the pound sterling, "according to experts", including Yahya Abul-Fotouh, vice president of the National Bank, is due to more than one reason at the forefront Reform measures taken by Egypt in previous periods have borne fruit in the Gregorian New Year, helping to attract nearly a billion dollars in deposits and investments in the Egyptian capital markets.
He pointed out that the downward trend of the dollar is very normal, because the dollar supply in the banking system, which helped to bring down the exchange rate, and the dollar today, the end evening show a drop of 22 piastres, the largest decline in two years.
The green currency of several banks, including Ahli Bank, Misr Bank, Arab African International and United Bank, lost about 6 piastres, recording about 17.28 pounds on the purchase and 17.38 pounds on sale.
The dollar of the Commercial International Bank amounts to about 17.27 pounds for the purchase and 17.37 pounds for the sale, a decrease of 7 dollars for the morning transactions.
The exchange rate of the dollar with Al Baraka Bank was about 17.35 pounds with the purchase and 17.45 pounds with the sale, while the Islamic Bank of Abu Dhabi registered 17.4 pounds with the purchase and 17.45 pounds for sale, while Crédit Agricole Bank registered 17.58 pounds for sale, against 17.68 pounds for sale.
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