Egyptian pound edges lower against dollar in midday Thursday trading
The Egyptian pound weakened slightly against the US dollar in midday trading on Thursday, according to official exchange data.
As of 13:02 Cairo time (11:02 GMT), the currency was quoted at the following rates across major banks:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.35 | 47.45 |
| Banque Misr | 47.36 | 47.46 |
| Commercial International Bank (CIB) | 47.36 | 47.46 |
| QNB Alahli | 47.3400 | 47.4400 |
| Abu Dhabi Islamic Bank (ADIB) | 47.3800 | 47.4800 |
The pound has traded within a narrow range in recent weeks, showing relative stability after months of volatility earlier this year, when chronic foreign currency shortages and soaring inflation pressured the market.
Attribution: Amwal Al Ghad English