Egypt’s pound steadies at forex auction

Cairo – Mubasher: The Central Bank of Egypt kept the pound exchange rate unchanged against the U.S. dollar at 7.73.

The central bank sold $39.4 million to banks. It had offered $40 million.

The bank said in early December it paid all backlog to foreign investors, which amounted to $547.2 million.

Mubasher Contribution Time: 10-Dec-2015 13:16 (GMT)