Egypt dollar rate falls on October 12

The US dollar exchange rate in Egypt experienced a relative increase at the start of trading sessions today, Monday, October 12. It registered at approximately 52.53 Egyptian pounds for buying and 52.63 pounds for selling in both government and private Egyptian banks. Meanwhile, it is expected that the rates will be influenced by fluctuations in the foreign exchange market. The annual inflation rate decreased to 14.5% in August 2026 compared to 14.9% in July. The exchange rate remains a focal point for Egyptians, especially due to its direct impact on the prices of imported goods. Data also indicates a relatively stable situation in the local currency market, with intentions to reduce the public debt to 78% of GDP by June 2027.

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