US dollar loses 5 piasters against Egyptian pound on Wednesday

Hossam Mounir
1 Min Read

The US dollar lost about five piasters from its value against the Egyptian pound on Wednesday, averaging EGP 17.21 for buying and EGP 17.31 for selling, down from EGP 17.26 for buying and EGP 17.36 for selling on Tuesday.

The official US dollar price in the Central Bank of Egypt lost between 3-4 piasters, reaching EGP 17.2 for buying and EGP 17.32 for selling, compared to EGP 17.25 for buying and EGP 17.38 for selling on Tuesday. This is considered the lowest US dollar price since March 2017.

Since the start of March, the US dollar lost more than 23 piasters of its value, and its losses were estimated at 62 piasters since the downward trend started in January 2019, while its total losses were estimated to be 60 piasters since the beginning of 2019.

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