The Central Bank of Egypt (CBE) stabilized the US dollar exchange rate at 8.78 pounds during an auction on Thursday.

In statements to MENA, bankers said that the CBE stabilized the US dollar rate at banks to range between 8.83 to 8.88 pounds.

The CBE allowed banks to move the price of the US dollar in the range of 10 piasters above its price, the bankers added