The Central Bank of Egypt (CBE) sold $75 million to banks on Wednesday at its third foreign currency auction, banking sources said. The auctions are part of a shift in currency policy announced by the CBE and designed to conserve the country's foreign reserves, which it said had fallen to a critical level. The Egyptian pound continued falling against the US dollar on Wednesday to stand at a record high of EGP 6.422 for selling and EGP 6.38 for buying.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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