Dollar rises against Egypt pound in 7 banks at early interbank trade
Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday.
The seven banks are the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Banque du Caire, Al Baraka Bank Egypt, AlexBank, and Faisal Islamic Bank of Egypt.
The pound was quoted at around 17.20 to the dollar, but rates were volatile and spreads wide.
Last Thursday, the central bank abandoned the pound’s peg of 8.8 to the dollar in an effort to attract inflows of capital and close down a booming black market in dollars.
The table below demonstrates the selling and buying prices of dollar against the Egyptian pound in 19 banks, according to data compiled by Amwal Al Ghad on Tuesday. 
|
Bank |
Buying Price |
Selling Price |
|
National Bank of Egypt (NBE) |
17.20 |
17.25 |
|
Commercial International Bank (CIB) |
17.20 |
17.25 |
|
Banque Misr |
17.20 |
17.25 |
|
Banque du Caire |
17.20 |
17.25 |
|
Housing and Development Bank (HDB) |
16.25 |
17 |
|
Abu Dhabi Islamic Bank (ADIB) |
16.5 |
17.5 |
|
Al Baraka Bank Egypt |
17.20 |
17.74 |
|
Al Ahli Bank of Kuwait-Egypt |
16.75 |
17.5 |
|
Suez Canal Bank |
16.75 |
17.50 |
|
Arab Investment Bank (AiBK) |
16.8430 |
16.8480 |
|
BLOM Bank Egypt |
16.50 |
17.25 |
|
Misr Iran Development Bank (MIDB) |
16.75 |
17.25 |
|
AlexBank |
17.20 |
17.25 |
|
Export Development Bank of Egypt (EDBE) |
16.75 |
17.60 |
|
Egyptian Gulf Bank (EGB) |
16.75 |
17.75 |
|
Arab African International Bank (AAIB) |
17 |
17.35 |
|
National Bank of Greece (NBG-Egypt) |
16.55 |
17.25 |
|
Crédit Agricole Egypt |
16.25 |
17.25 |
|
Faisal Islamic Bank of Egypt |
17.20 |
17.25 |
