Dollar drops against pound in two banks
The US dollar exchange rate against the Egyptian pound declined in two banks at the start of trading on Sunday, October 18, 2026, dropping between 3 to 13 piastres compared to the close of last Thursday’s trading session. In the most prominent banks, the purchase price at the National Bank of Egypt, Banque Misr, and Alexandria Bank was 53.42 pounds, while the selling price reached 53.52 pounds. Some banks, such as Al Baraka Bank and Crédit Agricole, experienced slight decreases, with purchase prices dropping by two or three piasters. Despite the local decline, the dollar is experiencing an international rise, and foreign currency rates against the pound fluctuate throughout the week.
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