Egyptian pound edges up against dollar in early Sunday trade
The Egyptian pound rose slightly against the US dollar in early trading on Sunday, with official bank rates showing marginal gains.
As of 11:15 p.m. local time (09:15 GMT), the dollar was traded at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.58 | 47.68 |
| Banque Misr | 47.57 | 47.67 |
| Commercial International Bank (CIB) | 47.56 | 47.66 |
| QNB Alahli | 47.5300 | 47.6300 |
| Abu Dhabi Islamic Bank (ADIB) | 47.5800 | 47.6800 |
The pound has traded within a relatively narrow range in recent weeks, indicating a degree of stability following earlier volatility driven by foreign currency shortages and high inflation.
Attribution: Amwal Al Ghad English