The US dollar traded at broadly stable levels against the Egyptian pound in early trading on Wednesday, according to data compiled by five major banks operating in Egypt.
As of 11:35 p.m. local time (08:35 GMT), the dollar averaged around 53.19 pounds for buying and 53.29 for selling.
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 53.23 | 53.33 |
| Banque Misr | 53.22 | 53.32 |
| Commercial International Bank (CIB) | 53.18 | 53.28 |
| QNB Alahli | 53.2200 | 53.3200 |
| Abu Dhabi Islamic Bank (ADIB) | 53.0900 | 53.1900 |
The pound has traded within a relatively narrow range in recent weeks amid improving foreign-currency liquidity and continued monetary tightening by the central bank.
Attribution: Amwal Al Ghad English
