US dollar rises slightly in Egypt

As of Tuesday, September 1, 2026, the US dollar exchange rate against the Egyptian pound experienced a slight increase according to the latest updates from Egyptian banks, recording approximately 50.87 pounds for buying and 50.97 pounds for selling, according to the Central Bank data. However, the exchange rate decreased in some banks such as the National Bank of Egypt and Bank Egypt, where it reached around 51 pounds for selling. The fiscal year 2025-2026 witnessed record inflows of remittances from Egyptians working abroad, totaling $47.3 billion, an increase of 29.6% compared to the previous year. This reflects the continued demand for the US dollar and its impact on the exchange rate in the local market.

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