The Egyptian pound inched up slightly against the US dollar in early trading on Wednesday, according to official exchange rate data from major banks. As of 11:24 a.m. Cairo time (09:24 GMT), the pound was quoted at: Bank Buy (EGP/USD) Sell (EGP/USD) National Bank of Egypt (NBE) 47.19 47.29 Banque Misr 47.19 47.29 Arab African International Bank 47.19 47.29 Commercial International Bank (CIB) 47.19 47.29 QNB Alahli 47.1800 47.2800 Abu Dhabi Islamic Bank (ADIB) 47.2100 47.3100 The local currency has remained broadly stable in recent weeks, fluctuating within a narrow range after a period of sharp volatility earlier this year, when the pound came under pressure due to foreign exchange shortages and high inflation. Attribution: Amwal Al Ghad English