The Central Bank of Egypt (CBE) said the US dollar continued its decline against the local currency in banks on Thursday, recording EGP 16.97 for buying and EGP 17.1 for sale, marking the lowest exchange rate since March 2017.
The CBE said in a statement the US dollar has lost EGP 0.90 of its value since the beginning of 2019, supported by foreign exchange flows from multiple sources.
The average price of US dollar in banks reached EGP 16.99 for buying and EGP 17.09 for selling, according to the CBE.
