The Egyptian pound was stable at a dollar sale on Sunday, as the central bank sold $37.8 million at a cut-off price of 7.9301 pounds per dollar, but it strengthened on the parallel market. The official cut-off price was unchanged from Thursday's dollar sale, but one trader said the dollar changed hands at 8.40 pounds in the parallel market on Sunday, compared with 8.50 on Thursday.
Egypt announced last month that the central bank's governor, Hesham Ramez, would be replaced this month by senior banker Tarek Amer. The move was welcomed by traders, who expect a new approach to the country's currency crisis.
Egypt has sought to tame a once-thriving currency black market with measures such as a cap on dollar-denominated bank deposits.
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