The exchange rate of US dollar inched down on Thursday in the five major banks in comparison with Wednesday.

The US dollar recorded EGP 16.45 for buying and EGP 16.50 for selling at the National Bank of Egypt.

It recorded EGP 16.40 for buying and EGP 16.45 for selling at Banque Misr, while in Banque du Caire, the US dollar recorded EGP 16.45 for buying and EGP 16.55 for selling .

In the Arab African International Bank (AAIB), dollar exchange rate reached EGP 16.46 for buying and EGP 16.50 for selling.

Meanwhile, in the Commercial International Bank (CIB), it dropped to reach EGP 16.40 for buying and EGP 16.50 for selling.