EGP starts week with minor boost against USD

The Egyptian Pound (EGP) experienced a slight uptick against the US Dollar (USD) in early trading on Monday, April 15, 2024.

The National Bank of Egypt, the Commercial International Bank (CIB), and the Faisal Islamic Bank set their purchase and sale rates at EGP 47.50 and EGP 47.60, respectively, up from EGP 47.53 and EGP 47.63 before the holidays.

Meanwhile, Banque Misr and Banque de Caire established their buying and selling rates at EGP 47.46 and EGP 47.56, respectively. The United Bank also set a buying rate of EGP 47.50 and a selling rate of EGP 47.60.

QNB ALAHLI and the Abu Dhabi Islamic Bank set their buying rate at EGP 47.55 and their selling rate at EGP 47.65.

The Arab African International Bank set their buying rate at EGP 47.52 and their selling rate at EGP 47.62.

The Housing and Development Bank offered slightly lower rates, with a buying rate of EGP 47.33 and a selling rate of EGP 47.43.