Cautious Fluctuations of the Dollar Price in Egypt

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The price of the dollar in Egypt experienced cautious fluctuations during trading today, Sunday, but the American currency remained above 52 pounds in all Egyptian banks.

According to a survey conducted by "Al Arabiya Business", the highest exchange rate for the US dollar was at First Abu Dhabi Bank and Credit Agricole Bank at 52.30 pounds for buying and 52.40 pounds for selling.

Meanwhile, the lowest exchange rate for the US dollar was at the Arab International Bank at 52.20 pounds for buying and 52.30 pounds for selling.

In the National Bank of Egypt, Bank Misr, Alexandria Bank, Housing and Development Bank, Kuwait Finance House, Kuwait National Bank, Arab Bank, Commercial International Bank, Egyptian Gulf Bank, Suez Canal Bank, United Bank, Faisal Islamic Bank, and African Arab Bank, the dollar price was 52.27 pounds for buying and 52.37 pounds for selling.

The Central Bank of Egypt recorded the exchange rate of the US dollar at 52.26 pounds for buying and 52.40 pounds for selling.

Transactions by Arabs and foreigners in the secondary market for Egyptian government debt recorded a net sale of 361 million dollars during the last week, according to data from the Egyptian Stock Exchange.

However, during the month of September, transactions by Arabs and foreigners in the secondary market for Egyptian government debt recorded a net purchase of 702 million dollars.

According to the data, Arabs recorded a net purchase of 1.528 billion dollars during September, while foreigners recorded a net sale of 826.5 million dollars.

The Central Bank of Egypt stated that net foreign reserves in August increased "provisionally" to about 57.22 billion dollars, compared to about 56.3 billion dollars in July.

Egypt's foreign currency reserves reached a new record level by the end of August 2026, becoming the highest in the country's history.

The steady growth in Egypt's net international reserves is supported by an improvement in the country's foreign currency revenue sources, as exports have seen a rising trend since the beginning of 2025, along with increased income flows from tourism and remittances from Egyptians working abroad.

Remittances from Egyptians working abroad increased by 28.1% during the first seven months of 2026, from January to July, reaching approximately $29.7 billion, compared to about $23.2 billion during the same period last year, according to data from the Central Bank of Egypt.

Remittances from Egyptians working abroad continued their upward trajectory in July 2026, rising by 20% to approximately $4.5 billion, compared to about $3.8 billion in July 2025.

Remittances from Egyptians working abroad also rose to $47.3 billion in the last financial year 2025-2026, compared to $36.5 billion in the 2024-2025 financial year, marking a growth of 29.6%.

The remittances of Egyptians abroad in 2025 recorded unprecedented flows, the highest ever, with an increase of 40.5% to reach approximately 41.5 billion dollars, compared to about 29.6 billion dollars in 2024.