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Dollar Hits 51.45 EGP on Monday
The US dollar continued its upward trend against the Egyptian pound at the start of July 20, 2026. It recorded an exchange rate of 51.45 pounds for sale at the National Bank of Egypt, representing an increase of about 28 piastres compared to yesterday’s rate, following previous gains between 53 and 61 piastres during yesterday’s trading. Other Egyptian banks, including Bank of Egypt, Commercial International Bank, Bank of Alexandria, Suez Canal Bank, and Al Baraka Bank, also saw increases in the dollar’s price, ranging from 23 to 37 piastres, bringing the selling price to approximately 51.40–51.52 pounds. Foreign sales of local debt instruments declined, amounting to $1.5 billion during the past week, amid regional tensions and rising demand for the dollar, which once again put pressure on the Egyptian pound after a temporary recovery driven by increased Arab and foreign purchasing in June. This movement occurs in the context of Middle East tensions between Iran and the United States and their impact on currency markets and financial assets.
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