The dollar had recorded EGP 48.05 for buying and EGP 48.19
for selling on Saturday, September 27, before gradually retreating over the
week, supported by stronger foreign currency inflows and stable exchange market
indicators.
Dollar exchange rates in Egyptian banks today
Central Bank of Egypt (CBE):
Buying: EGP 47.69
Selling: EGP 47.83
National Bank of Egypt (NBE):
Buying: EGP 47.74
Selling: EGP 47.84
Banque Misr:
Buying: EGP 47.74
Selling: EGP 47.84
Bank of Alexandria:
Buying: EGP 47.70
Selling: EGP 47.80
Commercial International Bank (CIB):
Buying: EGP 47.70
Selling: EGP 47.80
Abu Dhabi Islamic Bank (ADIB):
Buying: EGP 47.84
Selling: EGP 47.94
Al Baraka Bank:
Buying: EGP 47.70
Selling: EGP 47.80
Suez Canal Bank:
Buying: EGP 47.74
Selling: EGP 47.84
Reasons behind the decline
Market experts attributed the drop to stable foreign
currency inflows and improved balance of payments indicators, along with weaker
dollar demand in certain trade sectors towards the end of the third quarter.