Egypt dollar exchange rate up again
The exchange rate of the US dollar in Egypt experienced a new rise today, Thursday, October 15. It recorded around 53.04 Egyptian pounds for purchase and 53.18 pounds for sale at the start of trading sessions, according to data from the Central Bank and local banks. Despite the increase in the exchange rate, the dollar price in banks such as the National Bank of Egypt, Banque Misr, and Alexandria Bank remains approximately 53.25 pounds for purchase and 53.35 pounds for sale. Meanwhile, the official market rate continues to be slightly higher than the black market rate. Egypt saw an improvement in its foreign exchange reserves, reaching a record high of $57.35 billion in September. There was a notable rise in remittances from Egyptians abroad, which hit a record $33.9 billion during the first eight months of 2026, marking a 27.2% increase compared to the same period in 2025. The economy is strengthening through higher exports, increased tourism income, and greater remittances from overseas workers.
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