Egyptian pound softens slightly against dollar in early Sunday trading
The Egyptian pound edged lower against the US dollar in early trading on Sunday, according to official bank data, though it remains within a relatively narrow range after weeks of stability.
As of 11:43 a.m. Cairo time (09:43 GMT), major banks quoted the pound as follows:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.52 | 47.62 |
| Banque Misr | 47.53 | 47.63 |
| Commercial International Bank (CIB) | 47.52 | 47.62 |
| QNB Alahli | 47.5300 | 47.6300 |
| Abu Dhabi Islamic Bank (ADIB) | 47.5300 | 47.6300 |
The pound has traded in a tight band in recent weeks, reflecting relative stability following months of volatility earlier this year, when chronic foreign currency shortages and high inflation weighed on the market.
Attribution: Amwal Al Ghad English