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The US dollar continued its decline against the pound sterling in overnight negotiations on Tuesday.
The greenback registered a slight decline in Egypt, at the end of transactions worth two dollars.
The exchange rate of the dollar costs about 16.41 pounds and 16.51 pounds on sale, in the Egyptian banks of the Egyptian National Bank, Cairo, United Bank, the Arab Bank of Investment, the Suez Canal Bank, according to the portal "Akhbar al-Youm".
The dollar exchange rate was about 16.40 pounds at the time of purchase and 16.50 pounds on sale, the Arab banking company SAIB.
The dollar price in the International Commercial Bank – Egypt, about 16.39 pounds to buy 16.49 pounds.
On January 2, the exchange rate of the dollar against the British pound on the local market was about 17.78 pounds to buy and 17.88 pounds to sell, but this week it fell to 17.03 pounds to buy and at 17.13 pounds for sale at most banks operating in the local market.
The governor of the Central Bank, Tarek Amer, announced that the volume of foreign exchange flows to Egypt since the liberalization of the exchange rate amounted to more than 150 billion dollars and that it included the issuance of international bonds of about $ 18 billion; and direct flows to banks, due to the sale of foreign currencies at about $ 88 billion. Dollars in two years.
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