Egyptian pound mostly edges lower against dollar in early trade
Egyptian pound was marginally weaker against the US dollar in early trading on Wednesday, according to exchange rates posted by major local banks.
At 11:10 p.m. local time (09:10 GMT), the dollar was trading at the following levels:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 46.84 | 46.94 |
| Banque Misr | 46.84 | 46.94 |
| Commercial International Bank (CIB) | 46.84 | 46.94 |
| QNB Alahli | 46.8300 | 46.9300 |
| Abu Dhabi Islamic Bank (ADIB) | 46.8600 | 46.9600 |
The currency has traded within a narrow range in recent weeks, signalling relative stability in the foreign exchange market after earlier volatility driven by hard-currency shortages and elevated inflation pressures.
Attribution: Amwal Al Ghad English