Egyptian pound edges higher against dollar in early Monday trade
The Egyptian pound inched up against the US dollar in early Monday trading, with official bank rates showing slight gains amid continued currency stability.
As of 11:49 p.m. local time (09:49 GMT), the dollar was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.36 | 47.46 |
| Banque Misr | 47.36 | 47.46 |
| Commercial International Bank (CIB) | 47.36 | 47.46 |
| QNB Alahli | 47.3500 | 47.4500 |
| Abu Dhabi Islamic Bank (ADIB) | 47.4000 | 47.5000 |
The pound has been trading within a relatively narrow range in recent weeks, signaling a degree of stability after earlier bouts of volatility driven by foreign currency shortages and elevated inflation.
Attribution: Amwal Al Ghad English