Egyptian dollar rate surpasses 54.55
The price of the dollar in Egypt saw a new increase today, Thursday, October 22. It was recorded at the start of trading sessions around 54.33 Egyptian pounds for buying and 54.47 pounds for selling, according to Central Bank data. The Egyptian pound is experiencing increasing pressures due to regional geopolitical tensions, foreign investors’ movements, and rising demand for hard currency for imports. Despite a slight decline, the dollar remains close to the 55-pound level, with ongoing pressures on the exchange rate. On the other hand, Egypt's foreign reserves reached a record high of $57.35 billion in September, and Egyptians' remittances abroad increased by 21.7% in August 2026, reaching a record level. This reflects an overall strengthening of the country's economic situation despite the challenges.
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