Dollar price in Egypt resumes gains
The dollar price in Egypt rose, nearing 52 pounds, while foreign reserves hit a new record high in August 2026, supported by increased remittances and exports.
Translated by Qiyas from الجريدة — Original source
The US dollar rose in Egypt during today’s trading sessions, bringing the American currency close again to the 52 Egyptian pound level, following a decline recorded at the start of the week on Sunday.
According to a compilation by “Arabia Business,” the highest dollar exchange rate was offered by Crédit Agricole, the Suez Canal Bank, Kuwait Finance House, and Kuwaiti Ahli Bank, at 51.85 Egyptian pounds for purchase and 51.95 Egyptian pounds for sale.
Meanwhile, the lowest dollar exchange rate was recorded at the Commercial International Bank (CIB) at 50.82 Egyptian pounds for purchase and 50.92 Egyptian pounds for sale.
At the National Bank of Egypt, Banque Misr, and the Arab Bank, the dollar traded at 51.79 Egyptian pounds for purchase and 51.89 Egyptian pounds for sale. In Al Baraka Bank and the United Bank, the dollar was priced at 51.75 Egyptian pounds for purchase and 51.85 Egyptian pounds for sale.
Data from the Egyptian Exchange showed that Arab and foreign investors recorded a net purchase of $1.4 billion in the secondary market for Egyptian government debt during last week’s trading sessions.
Hot money flows returned to Egyptian debt instruments after a wave of outflows, with Arab and foreign investors recording a net sale of $513 million in the secondary market for Egyptian government debt during the session two weeks ago.
The Central Bank of Egypt stated that net foreign reserves rose preliminarily to approximately $57.22 billion in August, compared to about $56.3 billion in July.
Egypt’s foreign currency reserves reached a new record high by the end of August 2026, becoming the highest in the country’s history.
This 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, alongside increased inflows from tourism earnings and remittances from Egyptians working abroad.
Remittances from Egyptians working abroad rose by 28.1 percent during the first seven months of 2026 (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 percent to reach approximately $4.5 billion, compared to about $3.8 billion in July 2025.
Remittances from Egyptians abroad also reached $47.3 billion in the last fiscal year (2025-2026), compared to $36.5 billion in the 2024-2025 fiscal year, representing a 29.6 percent growth.
Remittances from Egyptians abroad recorded record inflows in 2025, marking the highest ever, rising by an average of 40.5 percent to reach approximately $41.5 billion, compared to about $29.6 billion in 2024.
