Egyptian banks see midday dollar rise

The US dollar's price has risen against the Egyptian pound during midday trading on Sunday, August 30, 2026, reaching approximately 50.59 pounds for buying and 50.69 pounds for selling at Bank Misr, and about 50.62 pounds for buying and 50.72 pounds for selling at the National Bank of Egypt. This compares to early-day levels of around 50.17 and 50.27 pounds, respectively. This increase reflects limited movement in the currency market, as the dollar remained below the 51-pound threshold, after experiencing relative stability last week, influenced by global dollar price movements and Egyptian Central Bank policies. Future trends are expected to become clearer with the resumption of weekly trading, amid market anticipation and developments in U.S. monetary policy, as exchange rate fluctuations continue within a narrow range.

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