Egyptian pound dips against dollar in Sunday midday trade
The Egyptian pound slipped slightly against the US dollar in midday trading on Sunday, with official bank rates showing modest declines.
As of 12:46 p.m. local time (10:46 GMT), the dollar was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.57 | 47.67 |
| Banque Misr | 47.58 | 47.68 |
| Commercial International Bank (CIB) | 47.57 | 47.67 |
| QNB Alahli | 47.5700 | 47.6700 |
| Abu Dhabi Islamic Bank (ADIB) | 47.5800 | 47.6800 |
The pound has traded within a relatively narrow range in recent weeks, indicating some stability following earlier volatility caused by foreign currency shortages and persistently high inflation.
Attribution: Amwal Al Ghad English