EGP strengthens to cUSD-EGP17.7 on Wednesday interbank dealings
The USD-EGP traded at a range of EGP17.01-17.04 buying and EGP17.63-17.70 for selling on Wednesday in the interbank market, compared to EGP17.42-17.58 for buying and EGP17.84-17.97 for selling on Tuesday, the Central Bank of Egypt (CBE) data showed. Volumes remained small, according to Reuters. Banks reportedly trade the dollar at USD-EGP16.90 for buying and USD-EGP17.57 for selling. News citing IMF’s Chief, Christine Lagarde, saying that she would recommend the board approve Egypt’s loan request when it meets on 11 November has eased pressure on the EGP on bets that there will be additional USD inflows, some bankers said. (Reuters)
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.