Egyptian pound edges lower against dollar in early Thursday trade
The Egyptian pound slipped slightly against the US dollar in early trading on Thursday, with official bank data showing marginal movements across major lenders.
As of 10:45 a.m. local time (08:45 GMT), the dollar was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.52 | 47.62 |
| Banque Misr | 47.53 | 47.63 |
| Commercial International Bank (CIB) | 47.53 | 47.63 |
| QNB Alahli | 47.5200 | 47.6200 |
| Abu Dhabi Islamic Bank (ADIB) | 47.5300 | 47.6300 |
The pound has hovered in a tight range in recent weeks, marking a period of relative stability after bouts of volatility earlier in the year when persistent foreign-currency shortages and high inflation weighed on the market.
Attribution: Amwal Al Ghad English