Egyptian pound holds steady in narrow band in early Sunday trade
The Egyptian pound showed marginal movements against the US dollar in early trading on Sunday, with banks posting slight variations in buy and sell rates, according to official exchange data from major lenders.
As of 11:15 a.m. Cairo time (09:15 GMT), the pound was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.15 | 47.25 |
| Banque Misr | 47.15 | 47.25 |
| Arab African International Bank | 47.15 | 47.25 |
| Commercial International Bank (CIB) | 47.13 | 47.23 |
| QNB Alahli | 47.1500 | 47.2500 |
| Abu Dhabi Islamic Bank (ADIB) | 47.1700 | 47.2700 |
The pound has traded in a tight range in recent weeks after months of pronounced volatility earlier this year, when foreign currency shortages and high inflation weighed heavily on the market.
Attribution: Amwal Al Ghad English