Egyptian pound edges up slightly against US dollar, maintains stability
The Egyptian pound inched higher against the US dollar in early trading on Thursday, with only slight variations among major banks, according to official exchange rate data.
As of 10:54 p.m. Cairo time (07:54 GMT), the pound traded at the following rates:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.5 | 47.6 |
| Banque Misr | 47.55 | 47.65 |
| Arab African International Bank | 47.5 | 47.6 |
| Commercial International Bank (CIB) | 47.5 | 47.6 |
| QNB Alahli | 47.5100 | 47.6100 |
| Abu Dhabi Islamic Bank (ADIB) | 47.5100 | 47.6100 |
The minor uptick reflects continued stability in Egypt’s foreign exchange market after several weeks of steady trading.
Attribution: Amwal Al Ghad English