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Dollar holds steady at open
The exchange rate of the US dollar against the Egyptian pound remained stable in local banks at the start of October 19, after increasing by 25 piastres at the end of yesterday's trading. In most banks, such as the National Bank of Egypt, Bank of Egypt, Alexandria Bank, and Suez Canal Bank, it recorded 53.47 pounds for buying and 53.57 pounds for selling, with a noticeable stability compared to previous rates. Additionally, the Central Bank of Egypt announced that the country's foreign exchange reserves reached $57.348 billion at the end of September 2026, an increase of $133 million compared to August.
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