Market watchers now await the resumption of banking operations next week, with expectations of slight movements in the dollar’s rate driven by global financial trends, particularly interest rate decisions by major central banks and the dollar’s performance on international markets.
US Dollar Rates in Egyptian Banks
Central Bank of Egypt:
Buying: EGP 49.83 Selling: EGP 49.97
National Bank of Egypt:
Buying: EGP 49.85 Selling: EGP 49.95
Banque Misr:
Buying: EGP 49.85 Selling: EGP 49.95
Alexandria Bank:
Buying: EGP 49.85 Selling: EGP 49.95
Commercial International Bank (CIB):
Buying: EGP 49.85 Selling: EGP 49.95
Abu Dhabi Islamic Bank:
Buying: EGP 50.02 Selling: EGP 50.12
Al Baraka Bank:
Buying: EGP 49.85 Selling: EGP 49.95
Suez Canal Bank:
Buying: EGP 49.85 Selling: EGP 49.95
What are the reasons behind the stability of the US dollar rate in Egypt
today?
The stability of the dollar exchange rate against the Egyptian pound today is due to the suspension of banking market activity over the weekend and the Islamic New Year holiday, which temporarily halted buying and selling activity, with no significant domestic or foreign economic events during this period.