Egyptian pound edges up against US dollar in midday Sunday trading
The Egyptian pound strengthened slightly against the U.S. dollar in midday trading on Sunday, according to rates published by major local banks.
As of 13:35 p.m. local time (11:35 GMT), the dollar was traded at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.04 | 47.14 |
| Banque Misr | 47.03 | 47.13 |
| Commercial International Bank (CIB) | 47.03 | 47.13 |
| QNB Alahli | 47.0000 | 47.1000 |
| Abu Dhabi Islamic Bank (ADIB) | 47.0300 | 47.1300 |
The pound has traded in a narrow range in recent weeks, reflecting relative stability in Egypt’s foreign exchange market after previous volatility caused by hard-currency shortages and elevated inflation pressures.
Attribution: Amwal Al Ghad English