UPDATE: Egypt’s pound hits all-time low against dollar at EGP 32.15

Egypt’s pound currency has dived to an all-time low of EGP 31.15 against the U.S. dollar on Wednesday.

The currency reached EGP 32.11 for buying and EGP 32.15 for selling during midday trade as of 13:15 p.m. in Cairo at the Abu Dhabi Islamic Bank – Egypt (ADIB Egypt).

At Faisal Islamic Bank of Egypt, the pound traded at EGP 32.05 for buying and EGP 32.15 for selling.

Meanwhile, at the National Bank of Egypt (NBE), the Egyptian currency recorded EGP 32 for buying and EGP 32.05 for selling.