Dollar stabilizes unexpectedly before session
The Egyptian foreign exchange market experienced a rare stability in the US dollar exchange rate during Wednesday, July 29, 2026, as all banks exhibited remarkably close prices. The buying rate ranged from approximately 50.45 to 50.50 Egyptian pounds, while the selling rate was between 50.55 and 50.60 pounds. This reflects a strong dominance by the Central Bank over the market and a balance between supply and demand. Such stability reduces speculation, boosts confidence among citizens and investors, and has a direct impact on the prices of imported goods, travel costs, and financial transfers. Experts confirm that the continuation of this calm depends on foreign cash flows, Central Bank policies, and global economic conditions.
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