The outcome of "interbank" transactions in Egypt jumps for the first time in a year to more than a billion dollars

The amount of market transactions between banks in Egypt, ‘Interbank’, to buy and sell the dollar today, Sunday, for the first time in a year $ 1.12 billion due to the increase in demand, according to bankers talking to ‘Al Sharq’. ‘Interbank’ is a common market for banks with the aim of providing local and foreign currencies between banks working in Egypt. Bankers who determined that their names should not be published said that the jump came in “Interbank” transactions due to a sale of foreigners today, comparing between 150 and $ 250 million in the usual days. The Egyptian pound today recorded a decline of the record against the US dollar to lose more than 60 piasters and reach 51.3 pounds per dollar, during contemporary intercourse, which is the lowest level of currency ever, before being resolved at 51.17, according to the data of the National Bank of Egypt, in the midst of the outbreak of a world of trafficking. The head of private banks in previous statements today to Al -Sharq confirmed that the partial withdrawal of foreigners from government debt tools was one of the most important factors behind the fall in the pound. The Egyptian finance ministry revealed that foreign investment in government debt instruments was $ 41.3 billion at the end of December.