The Egyptian pound strengthened slightly against the US dollar in midday trading on Sunday, according to exchange rates published by major local banks.
At 11:59 a.m. local time (09:59 GMT), the dollar was quoted at the following levels:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 46.77 | 46.87 |
| Banque Misr | 46.77 | 46.87 |
| Commercial International Bank (CIB) | 46.75 | 46.85 |
| QNB Alahli | 46.7500 | 46.8500 |
| Abu Dhabi Islamic Bank (ADIB) | 46.8200 | 46.9200 |
The pound has moved within a relatively narrow band in recent weeks, signaling a degree of stability in the foreign exchange market after earlier volatility linked to foreign currency shortages and elevated inflation pressures.
Attribution: Amwal Al Ghad English