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Dollar Opens with Mixed Results
At the start of Sunday's trading, there was variation in the dollar's exchange rate across Egyptian banks. It remained steady at the National Bank of Egypt and Banque Misr at 50.33 pounds for selling. The dollar saw a slight increase in some banks like Commercial International Bank, reaching 50.23 pounds for buying, while in others such as Crédit Agricole, it declined to 50.13 pounds for buying. Overall, after significant losses during the first month of the Iranian-American conflict, the Egyptian pound rebounded to its highest level in three months, having lost more than 13% of its value before experiencing a small recovery.
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