US dollar exchange rate relatively declines Wednesday

The exchange rate of the US dollar witnessed a relative decline against the Egyptian pound on Wednesday maintaining a slight divergence between banks.

The dollar hit, roughly, the LE18 barrier in private banks, and was relatively stable in government banks.

According to the latest currency prices, the US dollar exchange rate at the Abu Dhabi Islamic Bank (ADIB) stood at LE17.91 for purchase and LE18 for sale.

The rate went down to LE17.90 for purchase and LE18 for sale at al-Baraka Bank, the Commercial International Bank (CIB) and the National Bank of Greece (NBG).

The rate settled at LE17.89 for purchase and LE17.99 for sale at Bank of Alexandria and dropped to LE117.82 for purchase and LE17.92 for sale at the National Bank of Egypt (NBE).

At Banque du Caire and the Arab African International Bank (AAIB) the rates recorded LE 17.85 for purchase and LE17.95 for sale.