Cairo – Mubasher: The US dollar exchange rate remained stable against the Egyptian pound on Wednesday.

The USD rate settled at EGP 17.38 for buying and EGP 17.48 for selling at Egypt’s two largest state-owned lenders, namely the National Bank of Egypt (NBE) and Banque Misr, as well as at the National Bank of Greece – Egypt.

The USD rate was also stable in Abu Dhabi Islamic Bank – Egypt (ADIB) at EGP 17.42 for purchasing and EGP 17.52 for selling.

At the Commercial International Bank (CIB), Credit Agricole Egypt, and Arab African International Bank (AAIB), the greenback was unchanged at EGP 17.38 for purchasing and EGP 17.48 for selling.

Meanwhile, the EGP exchange rate against the USD rose by a piaster at Bank Audi, recording EGP 17.40 for buying and EGP 17.50 for selling.