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The exchange rate of the US dollar against the Egyptian pound increased significantly at the start of Tuesday's trading, with gains of between 17 and 30 piastres in many local banks. For example, purchase prices in some banks such as the National Bank of Egypt and Bank of Egypt reached approximately 50.37 and 50.35 pounds respectively, up by about 20 piastres, while selling prices were around 50.47 and 50.45 pounds. Other banks, including Alexandria Bank, Commercial International Bank, and Crédit Agricole Bank, also experienced similar increases, with rises of approximately 17-20 piastres. The dollar price at Suez Canal Bank saw a notable jump of 30 piastres, reaching 50.40 pounds for buying and 50.50 pounds for selling. This upward movement comes within a broader collective shift in the currency market, with expectations indicating continued fluctuations in the US dollar's exchange rate against the pound in the coming period.
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