Egyptian pound weakens on August 11

The price of the dollar against the Egyptian pound experienced a relatively moderate increase at the start of trading today, Tuesday, August 11, 2026, with rates around 49.91 pounds for purchasing and 50.04 pounds for selling, according to data from the Central Bank and Egyptian banks. However, the exchange rate of the pound has slightly declined compared to some banks, such as the National Bank and Banque Misr, where the dollar was approximately 49.93 pounds for buying and 50.03 pounds for selling. This comes amid rising inflation rates in Egypt, which reached 14.9% in July 2026, and a 33.2% increase in remittances from Egyptians working abroad, totaling about $39.2 billion during the fiscal year 2025-2026. These factors reflect their impact on the exchange rate and the local currency market.

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