The Egyptian pound opened at 5.892 to the US dollar on Sunday after a week-long bank closure before weakening to around 5.9 to the dollar, Egypt's central bank Deputy Governor Hisham Ramez said.

The pound last traded at 5.855 before banks closed for a week because of political protest. entral bank set a rate of 5.90 Egyptian pounds to the dollar in the interbank market on Sunday

Earlier, the cetnral bank said it would auction 15 billion Egyptian pounds ($2.56 billion) in Treasury bills on Monday, the first auction after a week-long closure by Egyptian banks caused by political protests.   

The bank will auction  8 billion pounds in 91-day bils, 5 billion pounds in 182-day bills and 2 billion pounds in 273-day bills. The settlement date is on Tuesday.   - Reuters