The decline of the pound against the U.S. dollar exchange market, on Monday, while it appreciated against the euro and the pound sterling.
According to the Gate, "Al-Ahram", the U.S. dollar rose by only about half a point to reach the level of 6.0915 pounds for sale and 6.11 pounds for buying versus 6.0913 for purchase and 6.105 for sale on Sunday.
The euro retreated by about 3 pennies up to 7.83 pounds for sale and 7.92 pounds for the purchase, compared with 7.85 pounds for sale and 7.95 for purchase yesterday.
The pound sterling lost about piasters to reach the level of 9.83 for sale and 9.94 pounds for the purchase, compared with 9.85 pounds for sale and 9.95 pounds yesterday.
The case of controversy has been raised in Egypt about the existence of the requirements by the International Monetary Fund to reduce the value of the pound in the framework of negotiations the parties to restrictions on the loan of $ 4.8 billion, but the Prime Minister, Dr. Hisham Qandil and Central Bank Governor Farouk node stressed there is no intention to reduce gradually the value of the pound and it is subject to supply and demand.
Yusuf said Farooq, director of one of the exchange companies, the rise in the dollar against the pound PTC normal ratio is in line with the conditions of supply and demand in the market, stressing that it is not linked to quantitative stimulus policies announced by the U.S. Federal Federal adopted.
Federal and announced the U.S. Federal "central bank" adopted new procedures to facilitate cash to investors in order to support the economy and hedge the risk of rising inflation.
According to the Gate, "Al-Ahram", the U.S. dollar rose by only about half a point to reach the level of 6.0915 pounds for sale and 6.11 pounds for buying versus 6.0913 for purchase and 6.105 for sale on Sunday.
The euro retreated by about 3 pennies up to 7.83 pounds for sale and 7.92 pounds for the purchase, compared with 7.85 pounds for sale and 7.95 for purchase yesterday.
The pound sterling lost about piasters to reach the level of 9.83 for sale and 9.94 pounds for the purchase, compared with 9.85 pounds for sale and 9.95 pounds yesterday.
The case of controversy has been raised in Egypt about the existence of the requirements by the International Monetary Fund to reduce the value of the pound in the framework of negotiations the parties to restrictions on the loan of $ 4.8 billion, but the Prime Minister, Dr. Hisham Qandil and Central Bank Governor Farouk node stressed there is no intention to reduce gradually the value of the pound and it is subject to supply and demand.
Yusuf said Farooq, director of one of the exchange companies, the rise in the dollar against the pound PTC normal ratio is in line with the conditions of supply and demand in the market, stressing that it is not linked to quantitative stimulus policies announced by the U.S. Federal Federal adopted.
Federal and announced the U.S. Federal "central bank" adopted new procedures to facilitate cash to investors in order to support the economy and hedge the risk of rising inflation.
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