Egyptian pound gains slightly in midday Tuesday trading
The Egyptian pound edged slightly higher against the US dollar in midday trading on Tuesday, with official bank rates showing marginal gains that underscored ongoing currency stability.
As of 13:56 p.m. local time (11:56 GMT), the dollar was traded at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.24 | 47.34 |
| Banque Misr | 47.23 | 47.33 |
| Commercial International Bank (CIB) | 47.22 | 47.32 |
| QNB Alahli | 47.2000 | 47.3000 |
| Abu Dhabi Islamic Bank (ADIB) | 47.2400 | 47.3400 |
The pound has been trading within a narrow range in recent weeks, signaling relative stability following earlier volatility driven by foreign currency shortages and high inflation.
Attribution: Amwal Al Ghad English