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Egyptian pound continues to weaken as dollar price rises in 9 major banks

The Egyptian pound continued to lose ground against the US dollar, with the greenback’s price increasing in nine major Egyptian banks.

The following is a breakdown of the dollar’s buying and selling prices:

  • National Bank of Egypt (NBE): Buying: LE48.66, Selling: LE48.76.
  • Bank Misr: Buying: LE48.64, Selling: LE48.74.
  • Cairo Bank: Buying: LE48.67, Selling: LE48.77.
  • Commercial International Bank (CIB): Buying: LE48.68, Selling: LE48.78.
  • Al Baraka Bank: Buying: LE48.66, Selling: LE48.76.
  • Suez Canal Bank: Buying: LE48.70 Selling: LE48.80.
  • Crédit Agricole Egypt: Buying: LE48.70, Selling: LE48.80.
  • Bank of Alexandria: Buying: LE48.70, Selling: LE48.80.
  • Housing and Development Bank: Buying: LE48.62, Selling: LE48.72.
  • Abu Dhabi Islamic Bank: Buying: LE48.71, Selling: LE48.80

Edited translation from Al-Masry al-Youm

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