New Loss in the Dollar's Price in Egypt

The US dollar exchange rate in Egypt recorded a new decline during today’s trading sessions, with the American currency trading below the 50-EGP level, driven by a return of hot money inflows into Egyptian debt instruments.

According to a survey conducted by Al Arabiya Business, the highest dollar exchange rate was recorded at The Arab Bank and the Kuwait National Bank, at 49.80 EGP for buying and 49.90 EGP for selling. Meanwhile, the lowest rate was observed at Abu Dhabi Commercial Bank, at 49.66 EGP for buying and 49.76 EGP for selling.

At United Bank, Midbank, Al Mokattam Egyptian Bank, International Bank of Africa, and Abu Dhabi First Bank, the dollar traded at 49.70 EGP for buying and 49.80 EGP for selling. In contrast, at Banque Misr, CIB, Bank of Alexandria, and Kuwait Finance House, the dollar was priced at 49.69 EGP for buying and 49.79 EGP for selling.

At the Central Bank of Egypt, the dollar exchange rate stood at 49.75 EGP for buying and 49.89 EGP for selling. The Egyptian pound closed 2025 on a strong note, appreciating by 6.7% against the dollar since the beginning of last year, supported by a record surge in remittances from Egyptians working abroad and the restoration of liquidity in the banking sector.

Data from the Egyptian Exchange showed that Arab and foreign investors recorded a net purchase of $282 million in the secondary market for Egyptian government debt during yesterday’s trading sessions.

Hot money inflows returned to Egypt after Arab and foreign investors recorded a net sale of $331 million in the secondary market for government debt on the previous Monday, following limited outflows of $3.7 million on the preceding Sunday.

Arab and foreign investors also recorded a net sale of $578 million in the secondary market for government debt during July last year. However, from the beginning of the year through the end of July, hot money inflows into Egyptian debt instruments totaled a net purchase of $11 billion, according to Al Arabiya Business calculations.

During June last year, Arab and foreign investors recorded a net purchase of $8.76 billion in the secondary market for government debt. Meanwhile, hot money inflows registered a net purchase of $11.66 billion during the second quarter of 2026, and approximately $11.6 billion in the first half of 2026.