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Dollar climbs to 51.40 pounds
The exchange rate of the US dollar against the Egyptian pound increased in Egyptian banks by the end of trading on July 22, 2026, with rise rates between 30 and 41 piastres in most banks. The highest increase was recorded at the Suez Canal Bank, with a rise of about 41 piastres, bringing the buying rate to 51.38 pounds and the selling rate to 51.48 pounds. This followed a slight decline the previous day. According to an economic expert, the exchange rate is expected to fluctuate between 47.8 and 51.5 pounds, with further increases anticipated if regional tensions persist and the war in the Middle East intensifies, especially considering foreign sales of local debt instruments which amounted to $1.5 billion last week, after their purchases reached $7.3 billion in June. The dollar’s rise reflects increasing pressure on the Egyptian pound amid ongoing instability and geopolitical tensions.
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