US Dollar Exchange Rates in Egyptian Banks Today; Foreign Reserves Rise to $51.45bn
The US dollar traded at EGP 47.01 for buying and EGP 47.15 for selling at the Central Bank of Egypt (CBE) today.
At the National Bank of Egypt (NBE), the dollar recorded EGP 46.98 for buying and EGP 47.08 for selling, while Banque Misr quoted the greenback at EGP 46.99 for buying and EGP 47.09 for selling.
Meanwhile, the Bank of Alexandria set the dollar price at EGP 46.96 for buying and EGP 47.06 for selling.
On the macroeconomic front, the Central Bank of Egypt announced that the country’s net foreign reserves rose by $1.25 billion in December, reaching $51.452 billion, up from $50.216 billion in November, reflecting improved foreign currency inflows.