Cairo – Mubasher: The US dollar exchange rate against the Egyptian pound has stabilised earlier on Monday at some local banks.      

The USD has settled at EGP 16.58 for buying and EGP 16.68 for selling at National Bank of Egypt (NBE), Banque Misr, Bank Audi, and Al Baraka Bank.

Additionally, the USD-EGP exchange has been steady at Commercial International Bank (CIB), the United Bank, and Bank of Alexandria at EGP 16.55 for purchasing and EGP 16.65 for selling. 

Meanwhile, the exchange rate between both currencies has remained unchanged at EGP 16.59 for buying and EGP 16.69 for selling at Abu Dhabi Islamic Bank (ADIB). 

Likewise, the USD has settled at EGP 16.56 for buying and EGP 16.66 for selling at Arab African International Bank (AAIB), Suez Canal Bank, Housing and Development Bank (HDB), and Misr Iran Development Bank.