Egyptian pound rises amid Iran deal

The US dollar has significantly decreased against the Egyptian pound in recent weeks, dropping by more than 4 pounds as geopolitical stability improved and an agreement was signed between the US and Iran, leading to increased capital inflows into Egypt. According to Central Bank data, the dollar fell to less than 50 pounds for the first time since March 2026, supported by record remittances from Egyptians abroad, improved tourism revenues, and increased exports, all of which bolstered the stability of the Egyptian currency. Market analysts expect the pound to trade between 47 and 55 pounds per dollar in the coming period, with the continued influence of foreign inflows and global economic developments.

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