Dollar exchange rates at Egyptian banks on Monday
Central Bank of Egypt
Buying: EGP 49.28
Selling: EGP 49.42
National Bank of Egypt
Buying: EGP 49.20
Selling: EGP 49.30
Banque Misr
Buying: EGP 49.20
Selling: EGP 49.30
Banque du Caire
Buying: EGP 49.20
Selling: EGP 49.30
Commercial International Bank (CIB)
Buying: EGP 49.20
Selling: EGP 49.30
Bank of Alexandria
Buying: EGP 49.20
Selling: EGP 49.30
This downward movement comes amid close monitoring by
investors and importers of exchange rate developments particularly as the
Central Bank of Egypt prepares to hold its upcoming meeting to review interest
rates. There is growing optimism for continued market stability and a potential
improvement in the value of the local currency.