Egyptian pound edges lower against US dollar in midday Tuesday trade
The Egyptian pound slipped slightly against the U.S. dollar in midday trading on Tuesday, according to official exchange data.
At 13:11 Cairo time (11:11 GMT), the pound was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.13 | 47.23 |
| Banque Misr | 47.13 | 47.23 |
| Commercial International Bank (CIB) | 47.13 | 47.23 |
| QNB Alahli | 47.1300 | 47.2300 |
| Abu Dhabi Islamic Bank (ADIB) | 47.2500 | 47.3500 |
The currency has been trading within a tight range in recent weeks, maintaining relative stability after months of volatility earlier this year, when prolonged foreign currency shortages and high inflation weighed on the market.
Attribution: Amwal Al Ghad English