Thursday’s market opens on EGP’s rise vs. USD

The Egyptian Pound (EGP) experienced an upward trend against the US Dollar (USD) at the start of the market on Thursday, April 4, 2024.

The National Bank of Egypt, Banque Misr, Banque de Caire, and the Commercial International Bank (CIB) set their buying and selling rates at EGP 47.11 and EGP 47.21, respectively.

On the other hand, Faisal Islamic Bank, The Housing and Development Bank, and the United Bank offered slightly reduced rates, with a buying rate of EGP 47.10 and a selling rate of EGP 47.20.

QNB ALAHLI established a buying rate of EGP 47.14 and a selling rate of EGP 47.24.

Lastly, the Abu Dhabi Islamic Bank and the Arab African International Bank determined their buying rate at EGP 47.15 and their selling rate at EGP 47.25.