Dollar exchange rate down at Egypt's major banks

CAIRO - 5 March 2020: The US dollar exchange maintained its downward trend during morning transactions at major banks on Thursday.

It comes as concerns over the global spread of coronavirus are diminishing after the World Bank and the International Monetary Fund announced financing programs worth $62 billion to help developing countries combat the virus, which has so far appeared in more than 80 countries.

At the Central Bank of Egypt, the dollar rate went down by one piaster to register LE 15.58 for buying and LE 15.71 for selling.

At the Commercial International Bank, the dollar rate decreased five piasters, recording LE 15.59 for buying and LE 15.69 for selling.

At the National Bank of Egypt, the dollar rate receded four piasters, standing at LE 15.58 for buying and LE 15.68 for selling.

Meanwhile, the dollar rate dropped three piasters at the Arab African International Bank, recording LE 15.59 for buying and LE 15.69 for selling.