According to Central Bank of Egypt (CBE) data, the dollar was quoted at 47.20 pounds for purchase and 47.33 pounds for sale.
The greenback saw similar declines across major state-owned
and private lenders. Key rates recorded during midday sessions included:
National Bank of Egypt (NBE):
Buying: EGP 47.20
Selling EGP: 47.30
Banque Misr:
Buying: EGP 47.19
Selling: EGP 47.29
Bank of Alexandria:
Buying: EGP 47.19
Selling: EGP 47.29 )
Commercial International Bank (CIB):
Buying: EGP 47.16
Selling: EGP 47.26
Banque du Caire:
Buying: EGP 47.19
Selling: EGP 47.29
Market analysts attribute the pound's appreciation to a balanced supply-and-demand dynamic within the banking system. Investors are also closely monitoring global economic developments and international dollar movements ahead of upcoming economic data releases.
US, dollar, Egyptian pound, EGP, banks, foreign currency, liquidity, exchange market, Central Bank of Egypt, CBE, National Bank of Egypt, NBE, Banque Misr, Bank of Alexandria, Commercial International Bank, CIB, Banque du Caire,