Egypt’s pound strengthens slightly against dollar in early Thursday trade
The Egyptian pound strengthened slightly against the US dollar in early trade on Thursday, according to exchange rates posted by major local banks.
As of 10:29 p.m. local time (08:29 GMT), the dollar was traded at:
| Bank | Buy (EGP/USD) | Sell (EGP/USD) |
| National Bank of Egypt (NBE) | 47.25 | 47.35 |
| Banque Misr | 47.33 | 47.43 |
| Commercial International Bank (CIB) | 47.24 | 47.34 |
| QNB Alahli | 47.2000 | 47.3000 |
| Abu Dhabi Islamic Bank (ADIB) | 47.3700 | 47.4700 |
The pound has remained largely range-bound in recent weeks, signalling relative stability in the foreign exchange market following earlier bouts of volatility driven by hard-currency shortages and elevated inflation.
Attribution: Amwal Al Ghad English