The US dollar to Egyptian pound exchange rates remained stable on Wednesday at the Central Bank of Egypt, recording LE15.64 for purchase and LE15.73 for sale.

The dollar settled at LE15.62 for purchase and LE15.72 for sale at the National Bank of Egypt and Banque Misr.

And the dollar settled at LE15.64 for purchase and LE15.73 for sale at the Commercial International Bank (CIB).

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 and secure a three-year US$12 billion loan from the fund.