Egyptian pound inches up against dollar in early Thursday trade
The Egyptian pound edged slightly higher against the US dollar in early trading on Thursday, according to official exchange rate data from major banks.
As of 10:54 a.m. Cairo time (08:54 GMT), the pound was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.16 | 47.26 |
| Banque Misr | 47.18 | 47.28 |
| Arab African International Bank | 47.15 | 47.25 |
| Commercial International Bank (CIB) | 47.15 | 47.25 |
| QNB Alahli | 47.1300 | 47.2300 |
| Abu Dhabi Islamic Bank (ADIB) | 47.2100 | 47.3100 |
The Egyptian pound has remained broadly stable in recent weeks, moving within a narrow band after months of sharp fluctuations earlier this year, when foreign exchange shortages and elevated inflation put significant pressure on the currency.
Attribution: Amwal Al Ghad English