Egyptian pound inches higher against US dollar in early Sunday trade
The Egyptian pound strengthened slightly against the US dollar in early trading on Sunday, maintaining stability near recent levels across major banks, according to official exchange rate data.
As of 11:37 a.m. Cairo time (08:37 GMT), the pound traded as follows:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.18 | 47.28 |
| Banque Misr | 47.19 | 47.29 |
| Arab African International Bank | 47.18 | 47.28 |
| Commercial International Bank (CIB) | 47.19 | 47.29 |
| QNB Alahli | 47.1900 | 47.2900 |
| Abu Dhabi Islamic Bank (ADIB) | 47.1900 | 47.2900 |
The modest uptick comes as the local currency continues to trade within a narrow range, reflecting relative stability in the foreign exchange market following months of volatility earlier in the year.
Attribution: Amwal Al Ghad English