The price of the dollar topped 19 pounds in a number of Egyptian banks in today’s trading, as 19.05 pounds to buy and 18.99 pounds to sell were registered in the National Bank of Egypt.
And the price of the dollar jumped in the Central Bank at the auction last Sunday, fixing the level of 18.89 pounds to buy and 19.0048 pounds to sell.
The dollar reached such a level for the first time since 2016, when the exchange rate was liberalized and the pound was introduced to float.
Source: Cairo 24