Arab Finance: The Egyptian pound has tumbled against the US dollar at local banks’ trading on August 5th.
The US dollar has recorded EGP 49.44 for buying and EGP 49.54 for selling in trading at the Commercial International Bank Egypt (CIB), as per the bank’s latest update .
In the National Bank of Egypt (NBE), the dollar rate stood at EGP 49.39 for buying and EGP 49.49 for selling at 11:40 am.
Likewise, the USD rate in Banque Misr reached EGP 49.39 for buying and EGP 49.49 for selling at 11:36 am.