The Central Bank of Egypt (CBE) recorded the dollar at EGP 47.79 for buying and EGP 47.92 for selling.
The retreat of the US currency is attributed to an increase
in dollar supply and the stabilisation of foreign exchange market indicators.
Analysts anticipate further short-term appreciation for the pound as foreign
currency inflows continue.
Exchange rates at major Egyptian banks:
|
Bank |
Buying Rate (EGP) |
Selling Rate (EGP) |
|
National Bank of Egypt (NBE) |
47.74 |
47.84 |
|
Banque Misr |
47.74 |
47.84 |
|
Bank of Alexandria |
47.74 |
47.84 |
|
Commercial International Bank (CIB) |
47.68 |
47.78 |
|
Banque du Caire |
47.74 |
47.84 |