The Price of the Dollar in Egypt Rises Again

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The price of the dollar in Egypt rose during trading today, Monday, continuing the U.S. currency's gains and stabilizing above the 52-pound level in all Egyptian banks, amid fluctuations in hot money flows in Egyptian debt instruments.

According to a survey conducted by "Al Arabiya Business", the highest exchange rate for the U.S. dollar was at "SIB" Bank and "HSBC" Bank at 52.35 pounds for buying and 52.45 pounds for selling.

Meanwhile, the lowest exchange rate for the U.S. dollar was at Crédit Agricole Bank at 52.14 pounds for buying and 52.24 pounds for selling.

In Alexandria Banks, the Arab Bank, Faisal Islamic Bank, Kuwait Finance House, and Abu Dhabi Islamic Bank, the dollar price reached 52.34 pounds for buying and 52.44 pounds for selling.

At the National Bank of Egypt and Qatar National Bank, the price of the dollar reached 52.33 EGP for buying and 52.43 EGP for selling, while at Banque Misr, the dollar price was 52.28 EGP for buying and 52.38 EGP for selling.

At the Central Bank of Egypt, the exchange rate of the US dollar recorded 52.22 EGP for buying and 52.36 EGP for selling.

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

However, during the past 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 last September, while foreigners recorded a net sale of 826.5 million dollars.

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

Egypt's foreign currency reserves reached a new record level at 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 during the first seven months of 2026, from January to July, increased by 28.1% to reach about $29.7 billion, compared to about $23.2 billion during the same period of the previous year, according to data from the Central Bank of Egypt.

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

The remittances of Egyptians working abroad rose to 47.3 billion dollars in the last fiscal year 2025-2026, compared to 36.5 billion dollars in the fiscal year 2024-2025, with a growth of 29.6%.

Remittances from Egyptians abroad recorded a record flow in 2025, the highest ever, increasing by 40.5% to reach approximately 41.5 billion dollars, compared to about 29.6 billion dollars in 2024.