The Egyptian pound strengthened slightly against the US dollar in early trading on Monday, according to exchange rates quoted by major local banks.
At 11:53 p.m. local time (09:53 GMT), the dollar was trading at the following levels:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.05 | 47.15 |
| Banque Misr | 47.07 | 47.17 |
| Commercial International Bank (CIB) | 47.04 | 47.14 |
| QNB Alahli | 47.0200 | 47.1200 |
| Abu Dhabi Islamic Bank (ADIB) | 47.0400 | 47.1400 |
The pound has been trading within a narrow range in recent weeks, signalling relative stability in Egypt’s foreign exchange market following earlier volatility driven by hard-currency shortages and high inflationary pressures.
Attribution: Amwal Al Ghad English