Egypt banks dollar rate August 24

The US dollar exchange rate against the Egyptian Pound remained relatively stable at the start of trading on Monday, August 24, 2026. It was recorded at approximately 50.81 pounds for buying and 50.91 pounds for selling at the National Bank of Egypt, Banque Misr, and the Commercial International Bank. This stability comes amid market expectations of how exchange rates will influence commodity prices, especially as remittances from Egyptians working abroad have reached a record high of $47.3 billion for the fiscal year 2025-2026, an increase of 29.6% compared to the previous year. Additionally, the dollar's price in Egyptian banks remained steady, with remittance flows continuing their upward trend, reflecting a relative stability in the exchange rate and its impact on the local market.

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