Arab Finance: The Egyptian pound has extended its decline against the US dollar on December 23rd, hitting a new record low.
At the Commercial International Bank Egypt (CIB), the EGP is now trading at 50.93 for buying and 51.03 for selling against the USD as of 11:35 am.
Meanwhile, at the National Bank of Egypt (NBE), the dollar rate stood at EGP 50.94 for buying and EGP 51.04 for selling by 11:36 am.
Similarly, the USD rates at Banque Misr were EGP 50.94 for buying and EGP 51.04 for selling at 11:38 am.