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Dollar exceeds 55 EGP on 22/10/2026
The US dollar price in Egypt rose today, Thursday, October 22, 2026, surpassing 55 Egyptian pounds in most Egyptian banks, reaching approximately 55.24 pounds for buying and 55.38 pounds for selling at the Central Bank. This increase comes amid rising oil prices due to attacks in the Middle East, which have heightened inflation concerns and put additional pressure on monetary policies. Market experts also foresee a 91% probability of the US Federal Reserve raising interest rates in December. Additionally, investors are preparing for American Personal Consumption Expenditure (PCE) data, a key inflation indicator, with the aim of reaching a 2% inflation rate.
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