CAIRO, Jan 22 (Reuters) - The Egyptian pound remained unchanged against the dollar at a central bank currency sale on Thursday and strengthened on the black market.
The central bank sold $38.6 million to banks with a cut-off price of 6.9520 pounds to the dollar on Thursday, unchanged from the cut-off price at its last auction on Wednesday. The bank had offered to sell up to $40 million.
The central bank introduced dollar currency sales a year ago to help counter a run on the pound. It has burned through at least $20 billion - or roughly half its reserves - supporting the currency since Egypt's 2011 uprising, which hit tourism revenues and foreign investment.
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Keywords: EGYPT POUND/
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