Arab Finance: The Egyptian pound exchange rate against the US dollar is still slightly above the EGP 50 mark on Wednesday, with the USD rates at Banque Misr recording EGP 50.26 for purchasing and EGP 50.36 for selling at 1:03 pm.
Likewise, the dollar rate registered EGP 50.26 for buying and EGP 50.36 for selling in the National Bank of Egypt (NBE) at 2:12 pm.
At the Commercial International Bank Egypt (CIB), the EGP is now trading at 50.27 for buying and 50.37 for selling against the USD.