Egyptian pound nudges higher in early Monday trade
The Egyptian pound nudged slightly higher against the US dollar in early trade on Monday, with official bank rates showing only marginal movements across major lenders.
As of 11:20 a.m. local time (09:20 GMT), the dollar was quoted at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.43 | 47.53 |
| Banque Misr | 47.44 | 47.54 |
| Commercial International Bank (CIB) | 47.43 | 47.53 |
| QNB Alahli | 47.4000 | 47.5000 |
| Abu Dhabi Islamic Bank (ADIB) | 47.4700 | 47.5700 |
The pound has been trading within a tight corridor in recent weeks, reflecting a spell of relative stability after earlier bouts of volatility tied to foreign-currency shortages and high inflation.
Attribution: Amwal Al Ghad English