Dollar rises against Egypt pound in 7 banks at early interbank trade

Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday.
The seven banks are the National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Banque du Caire, Al Baraka Bank Egypt, AlexBank, and Faisal Islamic Bank of Egypt.
The pound was quoted at around 17.20 to the dollar, but rates were volatile and spreads wide.
Last Thursday, the central bank abandoned the pound's peg of 8.8 to the dollar in an effort to attract inflows of capital and close down a booming black market in dollars.
The table below demonstrates the selling and buying prices of dollar against the Egyptian pound in 19 banks, according to data compiled by Amwal Al Ghad on Tuesday.
Bank
Buying Price
Selling Price
National Bank of Egypt (NBE)
17.20
17.25
Commercial International Bank (CIB)
17.20
17.25
Banque Misr
17.20
17.25
Banque du Caire
17.20
17.25
Housing and Development Bank (HDB)
16.25
17
Abu Dhabi Islamic Bank (ADIB)
16.5
17.5
Al Baraka Bank Egypt
17.20
17.74
Al Ahli Bank of Kuwait-Egypt
16.75
17.5
Suez Canal Bank
16.75
17.50
Arab Investment Bank (AiBK)
16.8430
16.8480
BLOM Bank Egypt
16.50
17.25
Misr Iran Development Bank (MIDB)
16.75
17.25
AlexBank
17.20
17.25
Export Development Bank of Egypt (EDBE)
16.75
17.60
Egyptian Gulf Bank (EGB)
16.75
17.75
Arab African International Bank (AAIB)
17
17.35
National Bank of Greece (NBG-Egypt)
16.55
17.25
Crédit Agricole Egypt
16.25
17.25
Faisal Islamic Bank of Egypt
17.20
17.25