US dollar exchange rate is stable on Wednesday in several Egyptian banks.
The prices of the US dollar witnessed remarkable stability as it recorded LE15.64 for purchase and LE15.74 for sale at Banque Misr and the National Bank of Egypt.
At the Commercial International Bank, the US dollar was bought at LE15.66 and sold at LE15.76, while at the Central Bank of Egypt, it recorded LE15.65 for purchase, and LE15.77 for sale.
Egypt devalued its currency by 48 percent in 2016, allowing it to float freely in order to meet a key demand by the International Monetary Fund to secure a three-year US$12 billion loan.
