Egyptian pound gains slightly against dollar in early Wednesday trade
The Egyptian pound inched up slightly against the US dollar in early trading on Wednesday, according to official exchange rate data from major banks.
As of 11:24 a.m. Cairo time (09:24 GMT), the pound was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.19 | 47.29 |
| Banque Misr | 47.19 | 47.29 |
| Arab African International Bank | 47.19 | 47.29 |
| Commercial International Bank (CIB) | 47.19 | 47.29 |
| QNB Alahli | 47.1800 | 47.2800 |
| Abu Dhabi Islamic Bank (ADIB) | 47.2100 | 47.3100 |
The local currency has remained broadly stable in recent weeks, fluctuating within a narrow range after a period of sharp volatility earlier this year, when the pound came under pressure due to foreign exchange shortages and high inflation.
Attribution: Amwal Al Ghad English