Dollar soars to EGP 49.5 on first day of exchange rate liberalisation

The Egyptian pound plunged against the US dollar on Wednesday, as the Central Bank of Egypt (CBE) announced the liberalisation of the exchange rate, allowing banks to set their rates based on supply and demand. The average price of the dollar in the banking market reached EGP 49.4743 for buying and EGP 49.5743 for selling…
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ArabMLS Founder

Ahmed Elbatrawy, who leads the Arab MLS platform, aims to simplify property transactions in the Middle East, paving the way for unprecedented global investment opportunities.

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