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On Wednesday, April 24, 2024, the Egyptian Pound (EGP) faced a decline against the US Dollar (USD) in the early hours of the market, leading to rate adjustments by various banks.
The National Bank of Egypt, Banque Misr, Faisal Islamic Bank, and United Bank kept their rates unchanged at EGP 48.10 and EGP 48.20, respectively.
Meanwhile, the Commercial International Bank (CIB) and QNB ALAHLI increased their rates slightly to EGP 48.12 and EGP 48.22, respectively, in response to the market shift.
As for Abu Dhabi Islamic Bank, it revised its rates to EGP 48.42 and EGP 48.52, while the Arab African International Bank set rates at EGP 48.35 and EGP 48.45.
