Egypt's c.bank keeps pound unchanged against U.S. dollar

Cairo - Mubasher: The Central Bank of Egypt maintained the Egyptian pound unchanged at 7.73 per dollar in an auction Thursday.

The bank sold $39.4 million to banks in its regular dollar sale auction.

Last December, CBE said it paid back $547.2 million worth of obligations owed to foreign investors.

Previously, 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 2015, 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.

Mubasher Contribution Time: 14-Jan-2016 12:39 (GMT)