U.S. dollar stabilizes against EGP; Euro, GBP down

CAIRO – 24 July 2017: The U.S. dollar exchange rate stabilizes against the Egyptian pound in Monday’s banking transactions. The European Euro and British Pound decrease, while Arab currencies stood stable.

The exchange rate of the Central Bank of Egypt (CBE) for the U.S. dollar is LE 17.83 for buying and LE 17.93 for selling.

Recording the highest exchange rate, the Abu Dhabi Islamic Bank recorded LE 17.90 for buying and LE 18 for selling.

Al Baraka Bank came at the second highest rank, offering an exchange rate of LE 17.85 for buying and LE 17.95 for selling.

Egypt’s biggest private sector bank Commercial International Bank (CIB) recorded LE 17.9 for buying and LE 18 for selling.

Banque Misr offered the lowest exchange rate LE 17.80 for buying and LE 17.92 for selling.

Egypt’s biggest state-owned bank National Bank of Egypt (NBE) offered LE 17.82 for buying and LE 17.92 for selling.

As for the euro, it decreases to LE 20.48 for buying and LE 20.73 for selling, compared to LE 20.61 for buying and LE 20.73 for selling on Thursday, according to the CBE.

The GBP (British Pound) leveled down to LE 23.08 for buying and LE 23.22 for selling, up from LE 23.19 for buying and LE 23.35 for selling.

As for the Arab currencies, the Saudi Riyal kept Thursday’s rate at LE 4.75 for buying and LE 4.78 for selling, according to the CBE.

Meanwhile, the Kuwaiti dinar recorded LE 58.87 for buying and LE 59.24 for selling and the Emirati Dirham registered LE 4.88 for selling and LE 4.85 for buying.