Egyptian pound slips slightly against dollar in early Thursday trade
The Egyptian pound edged lower against the US dollar in early trading on Thursday, with official rates at major banks showing modest declines.
As of 12:07 a.m. local time (10:07 GMT), the dollar was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.55 | 47.65 |
| Banque Misr | 47.55 | 47.65 |
| Commercial International Bank (CIB) | 47.54 | 47.64 |
| QNB Alahli | 47.5400 | 47.6400 |
| Abu Dhabi Islamic Bank (ADIB) | 47.5600 | 47.6600 |
The pound has been trading within a relatively narrow range in recent weeks, suggesting a degree of stability after earlier volatility caused by foreign-currency shortages and persistently high inflation.
Attribution: Amwal Al Ghad English