The US dollar was recorded at the Central Bank of Egypt at EGP 47.22 for buying and EGP 47.35 for selling, reflecting a limited change compared to the end of last week’s trading.
Commercial banks witnessed varying increases in the US
dollar rate, with Credit Agricole Egypt recording the highest rate, while other
banks maintained rates at similar levels.
US Dollar Rates at Egyptian Banks:
National Bank of Egypt:
Buying : EGP 47.35
Selling: EGP 47.45
Banque Misr:
Buying : EGP 47.34
Selling: EGP 47.44
Bank of Alexandria:
Buying : EGP 47.30
Selling: EGP 47.40
Commercial International Bank (CIB):
Buying : EGP 47.36
Selling: EGP 47.46
Egyptian Real Estate Bank:
Buying : EGP 47.30
Selling: EGP 47.40
Al Baraka Bank:
Buying : EGP 47.25
Selling: EGP 47.35
Credit Agricole Egypt:
Buying : EGP 47.40
Selling: EGP 47.50
Housing and Development Bank:
Buying : EGP 47.23
Selling: EGP 47.33
The increase comes as local markets
monitor global economic developments and the movement of the US dollar against
major currencies, alongside anticipation of upcoming monetary policy decisions,
which directly impact Egypt’s foreign exchange market.