EGP gains slight ground against USD on Monday

By Nada Ali On Aug 5, 2024

EGP sees significant drop vs. USD at Wednesday's close

The Egyptian Pound (EGP) experienced a slight appreciation against the US Dollar (USD) at the opening of trading on Monday, reaching a rate of EGP 48.62 per USD.

This marks a slight increase compared to yesterday’s closing price of EGP 48.73 per USD.

The National Bank of Egypt (NBE), Banque Misr, and the Arab African International Bank (AAIB) offered a buying rate of EGP 48.62 and a selling rate of EGP 48.72 per USD.

Meanwhile, the Commercial International Bank (CIB) listed a buying rate of EGP 48.64 and a selling rate of EGP 48.74 per USD.

QNB ALAHLI and Faisal Islamic Bank of Egypt posted rates of EGP 48.65 for buying and EGP 48.75 for selling. The Abu Dhabi Islamic Bank (ADIB) set exchange rates at EGP 48.70 for buying and EGP 48.80 for selling.

Attribution: Federation of Egyptian Banks (FEB)

Abu Dhabi Islamic Bank (ADIB)Arab African International Bank (AAIB)Banque Misr Commercial International Bank (CIB)Egypt’s Arab African International Bank (AAIB)Egyptian Pound (EGP)exchange rates Faisal Islamic Bank of Egypt