The exchange rate of the US dollar against the Egyptian pound was stable in the beginning of Wednesday’s trading at Egypt’s major banks.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording EGP 18.45 for buying and EGP 18.51 for selling.

At the Commercial International Bank (CIB), the dollar exchange rate registered EGP 18.45 for buying and EGP 18.53 for selling.

As for main currencies’ exchange rates, world capital markets and banks are being affected on the back of the Russian-Ukrainian crisis, with euro prices decreasing for selling and buying.

The euro price decreased registering EGP 19.42 for buying and EGP 19.52 for selling at Banque Misr and the NBE.

At the CIB, the euro price registered EGP 19.42 for buying and EGP 19.54 for selling.

The pound sterling at the NBE and Banque Misr decreased between 2 and 7 piasters to register EGP 22.70 for buying and EGP 22.84 for selling.

At the CIB, the pound sterling registered EGP 22.70 for buying and EGP 22.86 for selling.

The Saudi riyal price stood at EGP 4.91 for buying and EGP 4.93 for selling at Banque Misr and the NBE.

Source: State Information Service Egypt