As of July 1st, Saturday, the US dollar demonstrated stability against the Egyptian pound, maintaining its position on the fourth day of the Eid al-Adha The holiday period, marked by the Central Bank of Egypt, encompasses the commemoration of the June 30 revolution and the observance of Eid al-Adha.
The Central Bank announced a pause in banking operations throughout the country from Tuesday, June 27, until Monday, July 3, in respect of the holiday period. It further stated that regular banking operations would recommence on Tuesday, July 4.
During this period, various financial institutions displayed relative constancy in the exchange rates. The Central Bank of Egypt registered an exchange rate of LE30.83 for purchasing and LE30.95 for selling. The National Bank of Egypt and Banque Misr reported slightly lower rates at LE30.75 for purchasing and LE30.85 for selling.
Other prominent institutions like the Commercial International Bank (CIB), ALEXBANK, and the United Bank echoed similar rates at LE30.85 for purchasing and LE30.95 for selling. Meanwhile, the Abu Dhabi Islamic Bank, another major player in the financial sector, showcased a slightly higher purchase rate at LE30.90, while the sale rate matched its counterparts at LE30.95.
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