Dollar Ends Flat On Wednesday at EGP6.9204

The exchange rate of US dollar today 9/10/2013 remained at stable levels at EGP 6.8903 (buy price) and EGP 6.9204 (sell price), compared to EGP 6.8905 (buy price) and EGP 6.9206 (sell price) on Tuesday. 

This came in conjunction with the time which CBE has pumped US$ 4.520 billion through its periodic FX Auctions on Mondays, Wednesdays and Thursdays, in addition, 2.7 billion through the non-periodic FX Auction , issued last April and May as well as September.

The gains of the Egyptian pound nears 10 piasters since the central bank offered the non-periodic FX Auction which worth $ 1.3 billion in 4th September, and the US Dollar prices declined from EGP 6.9851(buy price) and EGP 7.0152 (sell price) to close at EGP 6.8903 (buy price) and EGP 6.9204 (sell price) today.

Indeed US$ Dollar is stable now recording 7.12(buy price) and 7.13(sell price). The cash reserves of the foreign currency declined with $ 207 million within the last of September up $ 18.709 billion, compared to $18.916 billion at the end of August.