London and Indian cities were among the top five destinations, report shows
The central bank announced a cut-off price of 7.0950 pounds to the dollar at the auction, weaker than at the last central bank foreign exchange sale held on Monday, when the cut-off price was 7.0451.
In the interbank market, the dollar changed hands for as much as 7.1049 pounds, the lowest according to Thomson Reuters data going back to the 1990s.
The rates banks are allowed to trade dollars at are determined by the results of the central bank sales, giving the bank effective control over official exchange rates. The central bank sold the entire amount it had offered.
Egypt has been suffering from a sustained dollar shortage as political turmoil following the 2011 uprising against veteran leader Hosni Mubarak unnerved foreign investors and tourists, traditionally major sources of foreign currency.
Egypt’s foreign reserves rose to $17.489 billion in April from $17.414 billion in March, but are still markedly lower than the $36 billion seen before the 2011 revolt.Banks and traders say some of the funding problems which surfaced early last year have re-emerged.
London and Indian cities were among the top five destinations, report shows
The book created by Emirati illustrator Mohammed Al Rais and based on a tale by Swiss author Kurt Blum, is set to capture the hearts of young readers with its delightful story of uniqueness and triumph
The idea of undergoing the procedure was 'mentally and emotionally draining', the longtime Abu Dhabi resident said, but doctors eased her worries
The ruins in the middle of Pantabangan Dam in Nueva Ecija province are a tourist draw, even as the region swelters in extreme heat
This covers traffic violations incurred until 2023
Friday's polling will be held for 88 of the total 543 seats in the lower house or Lok Sabha of Parliament with 160 million people eligible to vote
The bank’s liquidity profile remains strong as evidenced by an advances to stable resources ratio of 76% and an eligible liquid asset ratio of 16%, both comfortably above regulatory thresholds
Binghatti Hills is set to become the most expansive development within the community