Egyptian pound weakens against dollar in early Wednesday trade
The Egyptian pound slipped against the US dollar in early trading on Wednesday, with official exchange rates at major banks recording fresh declines.
As of 11:29 a.m. local time (09:29 GMT), the dollar was traded at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.53 | 47.63 |
| Banque Misr | 47.53 | 47.63 |
| Commercial International Bank (CIB) | 47.52 | 47.62 |
| QNB Alahli | 47.5300 | 47.6300 |
| Abu Dhabi Islamic Bank (ADIB) | 47.5300 | 47.6300 |
The pound has traded within a relatively narrow range in recent weeks, pointing to a degree of stability following earlier volatility driven by foreign-currency shortages and persistently high inflation.
Attribution: Amwal Al Ghad English