Egyptian pound dips against dollar in early Monday trade
The Egyptian pound slipped marginally against the US dollar in early trading on Monday, according to quotes from major local banks.
As of 10:58 p.m. local time (08:58 GMT), the dollar was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.33 | 47.43 |
| Banque Misr | 47.4 | 47.5 |
| Commercial International Bank (CIB) | 47.35 | 47.45 |
| QNB Alahli | 47.3000 | 47.4000 |
| Abu Dhabi Islamic Bank (ADIB) | 47.5000 | 47.6000 |
The pound has largely traded within a narrow range in recent weeks, reflecting relative stability in the foreign exchange market after bouts of volatility earlier this year driven by hard currency shortages and elevated inflationary pressures.
Attribution: Amwal Al Ghad English