CAIRO, Nov 27 (Reuters) - Egypt's pound strengthened fractionally against the dollar at a central bank currency auction on Wednesday.
The central bank said it sold $38.4 million to banks at the auction, at a cut-off price of 6.8775 pounds to the dollar, compared with 6.8776 at a sale on Monday.
The central bank introduced dollar sales last December to help counter a run on the pound. It has burned through at least $20 billion - or roughly half - of its reserves since a 2011 revolt that ousted autocratic president Hosni Mubarak and which badly harmed tourism and investment.
(Reporting by Yasmine Saleh; editing by Patrick Graham) Keywords: EGYPT FOREX/
(firstname.lastname@example.org)(Reuters Messaging: email@example.com)
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.