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Dollar surpasses 53 pounds in 8 banks
The exchange rate of the US dollar against the Egyptian pound increased at the start of Wednesday's trading session, with the rate exceeding 53 pounds in eight banks, while remaining stable in others. At the National Bank of Egypt, the dollar price rose by about 16 piastres to reach 52.93 pounds for buying and 53.03 pounds for selling. The highest rates were recorded at Al Baraka Bank and HSBC, at 52.95 and 53.05 pounds respectively. Additionally, a 0.5% increase was observed at Crédit Agricole and Arab International Bank, while the rate remained stable at Bank of Egypt and CIB at approximately 52.77 and 52.80 pounds respectively. A slight decrease was noted at Abu Dhabi Islamic Bank, with the rate falling to 52.70 pounds.
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