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Dollar falls up to 15 piastres versus EGP
The exchange rate of the US dollar against the Egyptian pound witnessed a decline at the start of trading on July 28, 2026, with a drop of up to 15 piastres in local banks. This followed a decrease of approximately 60 piastres during yesterday's trading session. The dollar was recorded at 50.57 pounds for buying and 50.67 pounds for selling at the National Bank of Egypt, compared to more than 50.66 and 50.76 respectively at the close of the previous day's transactions. The decline in the dollar came after a halt to American and Iranian strikes over the weekend, which boosted hopes for a diplomatic resolution to ease tensions in the Gulf region—particularly in the Strait of Hormuz. This development contributed to the pound’s appreciation since hitting its lowest point near 55 pounds to the dollar after over three months of intensified conflict.
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