Cairo – Mubasher: The Egyptian pound remained unchanged at 7.73 per U.S. dollar in a foreign currency auction held Sunday by the central bank.
The central bank sold $38.8 million to banks. It had offered $40 million.
Earlier, CBE said it paid back $547.2 million worth of obligations owed to foreign investors.
Last November, CBE allowed the Egyptian pound, for the first time in 2015, to rise against the dollar by EGP 0.20 to reach EGP 7.7301
In October, the central bank allowed the pound to depreciate twice against the dollar by around EGP 0.10 to reach a historical level of 7.93 per dollar.
CBE announced earlier that net international reserves reached $16.41 billion at the end of October, up $80 million from $16.33 billion at September-end.
