Egyptian pound sees slight moves against US dollar in early Sunday trading

The Egyptian pound showed mild fluctuations against the US dollar in early trading on Sunday, with rates hovering near recent levels across major banks, according to official data.

As of 11:19 a.m. Cairo time (08:19 GMT), the pound traded at the following rates:

Bank Buy (EGP/USD) Sell (EGP/USD)
National Bank of Egypt (NBE) 47.53 47.63
Banque Misr 47.54 47.64
Arab African International Bank 47.64 47.54
Commercial International Bank (CIB) 47.52 47.62
QNB Alahli 47.5200 47.6200
Abu Dhabi Islamic Bank (ADIB) 47.5600 47.6600

The minor uptick reflects continued stability in Egypt’s foreign exchange market after several weeks of steady trading.

Attribution: Amwal Al Ghad English

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