Egyptian pound gains against dollar on August 25

The US dollar exchange rate against the Egyptian pound saw a slight decline today, Tuesday, August 25, 2026, at the start of trading. It was recorded in Egyptian banks at approximately 50.77 to 50.87 pounds for buying and selling, respectively, according to data from the Central Bank and private banks. This decline comes amid an increase in Egyptians’ outbound remittances, which reached about $47.3 billion in the 2025-2026 fiscal year, marking a 29.6% rise from the previous year. Additionally, remittances from expatriate workers continue to climb, totaling $4.2 billion in June 2026. This increase in foreign inflows supports the pound and influences the exchange rate, which is a key factor in determining the prices of imported goods in the local market.

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