Dollar Price in Egypt Rises Again

The US dollar rose in Egypt during today’s trading sessions, continuing its upward trajectory after a temporary dip yesterday, despite the return of hot money flows into Egyptian debt instruments and a new increase in Egypt’s foreign exchange reserves.

According to a compilation by Arabiya Business, the highest US dollar exchange rate was recorded at Abu Dhabi Islamic Bank, Crédit Agricole, Next, Alexandria Bank, and National Bank of Qatar, at 52.38 Egyptian pounds for buying and 52.48 pounds for selling.

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

At Banque Misr, Banque du Caire, Banque Misr International, and CIB, the dollar traded at 52.36 pounds for buying and 52.46 pounds for selling. In contrast, at Banque Misr, Al Baraka Bank, Faisal Islamic Bank, and the Arab African Bank, the dollar was priced at 52.35 pounds for buying and 52.45 pounds for selling.

Data from the Egyptian Exchange showed that Arab and foreign investors recorded a net purchase of $251.3 million in the secondary market for Egyptian government debt during yesterday’s trading sessions.

Hot money flows returned to Egyptian debt instruments, reversing a net sale of $361 million recorded by Arab and foreign investors during the previous week’s trading.

However, in September last year, Arab and foreign investors recorded a net purchase of $702 million in the secondary market for Egyptian government debt.

Egypt’s foreign exchange reserves continued to rise, reaching a new record high of $57.35 billion in September last year, an increase of $134 million from August, according to the Central Bank of Egypt.

Net foreign reserves had risen to approximately $57.22 billion in August, compared to around $56.3 billion in July.

Egypt’s foreign exchange revenue sources showed significant improvement, driven by rising exports, growth in tourism income, increased remittances from Egyptians abroad, and higher Suez Canal revenues.

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

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

Remittances from Egyptians abroad also reached $47.3 billion in the 2025-2026 fiscal year, up from $36.5 billion in the 2024-2025 fiscal year, representing a 29.6% growth.

Remittances from Egyptians abroad recorded record inflows in 2025, the highest ever, rising by 40.5% to reach approximately $41.5 billion, compared to around $29.6 billion in 2024.