Sunday 04/May/2025 – 10:24 PM
The price of the pound sterling continued to decline against the Egyptian pound at the end of the Egyptian banks’ transactions today, Sunday, May 4, 2025, down by about 7 to 15 piasters, similar to the general trend of the rest of the foreign currencies.
The price of the pound sterling against the Egyptian pound
The average price of the British pound was recorded against the Egyptian pound today, Sunday, about:
Buy: 67.24 EGP
Sell: 67.38 Egyptian pounds
This is according to the average prices announced by the Central Bank of Egypt.
Prices of sterling in a number of Egyptian banks:
National Bank of Egypt:
Buy: 67.22 EGP
Sell: 67.69 EGP
Bank of Egypt:
Buy: 67.22 EGP
Sell: 67.69 EGP
Commercial International Bank (CIB):
Buy: 67.19 EGP
Sell: 67.68 EGP
The latest data showed a noticeable increase in the net foreign assets of the Egyptian banking system during the month of March, where it recorded 15.05 billion US dollars (equivalent to 760.839 billion Egyptian pounds), and this number is compared to 10.2 billion dollars (equivalent to 515.856 billion Egyptian pounds) registered at the end of last February.
The net foreign assets achieved a surplus for the first time with a value equivalent to 676.4 billion Egyptian pounds during the month of May last year 2024, after he recorded a deficit equal to 174.4 billion Egyptian pounds at the end of April 2024. The achievement of the surplus in May 2024 represents the first time that foreign assets exceed foreign obligations since January 2022, which witnessed a surplus equivalent to 9.674 billion Egyptian pounds Then.
