Egyptian pound stays stable on August 30

The exchange rate of the US dollar against the Egyptian pound remained stable today, Sunday, August 30, 2026, at approximately 50.16 pounds for purchasing and 50.26 pounds for selling, according to data from the Central Bank and Egyptian banks. This stability comes amid record levels of remittances from Egyptians working abroad, which amounted to around $47.3 billion for the fiscal year 2025-2026, marking an increase of 29.6% compared to the previous year, with monthly transfers continuing to rise to about $4.2 billion in June 2026. This exchange rate stability reflects the influence of these inflows on the currency market and helps maintain the pound's stability, while also prompting ongoing monitoring of their impact on domestic prices and markets.

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