Egyptian pound edges lower against dollar in early Wednesday trading
The Egyptian pound weakened marginally against the US dollar in early trading on Wednesday, slipping across most major banks, according to official exchange data.
As of 11:11 Cairo time (09:11 GMT), the pound was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.28 | 47.38 |
| Banque Misr | 47.28 | 47.38 |
| Commercial International Bank (CIB) | 47.28 | 47.38 |
| QNB Alahli | 47.2700 | 47.3700 |
| Abu Dhabi Islamic Bank (ADIB) | 47.1500 | 47.2500 |
The pound has traded in a narrow band in recent weeks, showing relative stability after months of volatility earlier this year, when chronic foreign currency shortages and soaring inflation pressured the market.
Attribution: Amwal Al Ghad English