Egyptian pound edges lower against dollar in Wednesday’s early trade
The Egyptian pound edged slightly lower against the US dollar in early trading on Wednesday, with official bank rates posting slight declines.
As of 11:27 p.m. local time (09:27 GMT), the dollar was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.62 | 47.72 |
| Banque Misr | 47.62 | 47.72 |
| Commercial International Bank (CIB) | 47.6 | 47.7 |
| QNB Alahli | 47.5900 | 47.6900 |
| Abu Dhabi Islamic Bank (ADIB) | 47.6900 | 47.7900 |
The pound has been trading within a relatively narrow range in recent weeks, signalling a degree of stability after earlier volatility driven by foreign currency shortages and elevated inflation.
Attribution: Amwal Al Ghad English