Home The Watchforex news Dollar rises against Egypt pound in 7 banks at early interbank trade

Dollar rises against Egypt pound in 7 banks at early interbank trade

by Yomna Yasser

Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday.

The seven banks are the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Banque du Caire, Al Baraka Bank Egypt, AlexBank, and Faisal Islamic Bank of Egypt.

The pound was quoted at around 17.20 to the dollar, but rates were volatile and spreads wide.

Last Thursday, the central bank abandoned the pound’s peg of 8.8 to the dollar in an effort to attract inflows of capital and close down a booming black market in dollars.

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 Tuesday.

Bank

Buying Price

Selling Price

National Bank of Egypt (NBE)

17.20

17.25

Commercial International Bank (CIB)

17.20

17.25

Banque Misr

17.20

17.25

Banque du Caire

17.20

17.25

Housing and Development Bank (HDB)

16.25

17

Abu Dhabi Islamic Bank  (ADIB)

16.5

17.5

Al Baraka Bank Egypt

17.20

17.74

Al Ahli Bank of Kuwait-Egypt

16.75

17.5

Suez Canal Bank

16.75

17.50

Arab Investment Bank (AiBK)

16.8430

16.8480

BLOM Bank Egypt

16.50

17.25

Misr Iran Development Bank (MIDB)

16.75

17.25

AlexBank

17.20

17.25

Export Development Bank of Egypt (EDBE)

16.75

17.60

Egyptian Gulf Bank (EGB)

16.75

17.75

Arab African International Bank (AAIB)

17

17.35

National Bank of Greece  (NBG-Egypt)

16.55

17.25

Crédit Agricole Egypt

16.25

17.25

Faisal Islamic Bank of Egypt

17.20

17.25

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