Home The Watchforex news Dollar calms against Egypt pound following IMF $12 billion bailout approval

Dollar calms against Egypt pound following IMF $12 billion bailout approval

by Yomna Yasser

US dollar trade calmed significantly against Egyptian pound in 19 banks during interbank dealings in Egypt on Saturday, following the IMF’s board approval on the country’s three-year, $12 billion bailout programme.

Dollar was quoted at 16 for buying and 16.25 for selling at the National Bank of Egypt, Commercial International Bank (CIB), and Arab African International Bank (AAIB).

The table below demonstrates the selling and buying prices of dollar against the Egyptian pound in 19 banks, according to data compiled by Amwal Al Ghad on Saturday.

Bank

Buying Price

Selling Price

National Bank of Egypt (NBE)

16

16.25

Commercial International Bank (CIB)

16

16.25

Banque Misr

16

16.3

Banque du Caire

15.95

16.45

Housing and Development Bank (HDB)

16.6

17.5

Abu Dhabi Islamic Bank  (ADIB)

16

17

Al Baraka Bank Egypt

16.3

16.69

Al Ahli Bank of Kuwait-Egypt

16.1

16.85

Suez Canal Bank

15.75

16.25

BLOM Bank Egypt

16.15

16.75

Misr Iran Development Bank (MIDB)

15.95

17.15

AlexBank

15.95

16.75

The United Bank

16

16.3

Export Development Bank of Egypt (EDBE)

16.15

17

Egyptian Gulf Bank (EGB)

16

17

Arab African International Bank (AAIB)

16

16.25

National Bank of Greece  (NBG-Egypt)

16.3

16.98

Crédit Agricole Egypt

16

17

Faisal Islamic Bank of Egypt

16

16.95

 

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