Arab Finance: The Egyptian pound exchange rate against the US dollar was above the EGP 50 mark, with the USD rates at Banque Misr registering EGP 50.26 for buying and EGP 50.36 for selling on Tuesday at 2:05 pm.
As for the Commercial International Bank Egypt (CIB), the EGP is now trading at 50.26 for purchasing and 50.36 for selling against the USD.
Meanwhile, the dollar rate hit EGP 50.26 for buying and EGP 50.36 for selling in the National Bank of Egypt (NBE) at 2:11 pm.