Dollar remains steady at 51.44 pounds
The exchange rates of the US dollar against the Egyptian pound experienced relative stability today, Saturday, July 25, 2026, across most local banks, with minor differences between buying and selling prices that do not exceed a few piasters. The highest purchase price was recorded at 51.34 pounds at Abu Dhabi Islamic Bank and SAIB Bank, while the selling price reached 51.44 pounds — the same rate at which major banks such as the National Bank of Egypt, Banque Misr, QNB Alahli, and the Arab African International Bank are trading. This reflects the banks' adherence to instructions and an increased level of market balance. This stability is the result of successful policies by the Central Bank, improved foreign currency inflows from Egyptian remittances, increased tourism revenues, and a decline in speculative demand during the weekend, when official trading is halted. These factors reduce volatility and promote exchange rate stability. It is expected that this situation will contribute to stable prices of commodities, help citizens with financial planning, and temporarily reduce inflation. However, ongoing foreign currency inflows and the continuation of reform efforts are essential to maintain this stability.
Notice: This Is an AI-Generated Summary
Comments (0)