Egyptian pound maintains value against USD

Businessmen Team economy 12 April 2025 05:43 PM

The US dollar exchange rate against the Egyptian pound began trading today, Saturday, April 12, 2025, with notable stability. This occurred during the weekly holiday for local banks, following a decline the dollar experienced last week. This directly affected banking market levels and created anticipation among dealers and economic analysts.

Despite internal and external economic challenges influencing foreign currency movements against the Egyptian pound, the stability of the dollar price reflects a current relative balance in the Egyptian market.

Dollar prices in Egyptian banks Saturday:

Suez Canal Bank: Buying: 51.30 EGP, Selling: 51.40 EGP

Al-Muttahid Bank: Buying: 51.28 EGP, Selling: 51.38 EGP

National Bank of Egypt (Al Ahly Bank): Buying: 51.28 EGP, Selling: 51.38 EGP

Banque Misr: Buying: 51.28 EGP, Selling: 51.38 EGP

Bank of Alexandria: Buying: 51.28 EGP, Selling: 51.38 EGP

Commercial International Bank (CIB): Buying: 51.28 EGP, Selling: 51.38 EGP

This noticeable stability across banks indicates a cohesive local exchange market, with no significant price volatility over the weekend.

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