EGP/USD exchange rate hits new record low

At the Commercial International Bank Egypt (CIB), the EGP is now trading at 50.93 for buying and 51.03 for selling against the USD as of 11:35 am

Staff Writer, Arab Finance

December 23, 2024

PHOTO

The Egyptian pound has extended its decline against the US dollar on December 23rd, hitting a new record low.

At the Commercial International Bank Egypt (CIB), the EGP is now trading at 50.93 for buying and 51.03 for selling against the USD as of 11:35 am.

Meanwhile, at the National Bank of Egypt (NBE), the dollar rate stood at EGP 50.94 for buying and EGP 51.04 for selling by 11:36 am.

Similarly, the USD rates at Banque Misr were EGP 50.94 for buying and EGP 51.04 for selling at 11:38 am.

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