Egyptian pound edges up against dollar in midday Thursday trading
The Egyptian pound inched higher against the US dollar in midday trading on Thursday, with official bank rates showing slight gains, reflecting ongoing currency stability.
As of 12:14 p.m. local time (10:14 GMT), the dollar was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.22 | 47.32 |
| Banque Misr | 47.21 | 47.31 |
| Commercial International Bank (CIB) | 47.19 | 47.29 |
| QNB Alahli | 47.2000 | 47.3000 |
| Abu Dhabi Islamic Bank (ADIB) | 47.2200 | 47.3200 |
The pound has been trading in a narrow range in recent weeks, indicating relative stability after previous volatility caused by foreign currency shortages and high inflation.
Attribution: Amwal Al Ghad English