48 Days
Source:
الخليج
Egyptian banks: Dollar exchange rate on Thursday, July 16, 2026
Egyptian banks have experienced fluctuations in the exchange rate of the dollar against the Egyptian pound due to multiple factors, including the domestic interest rate, remittances from Egyptians abroad, tourism revenues, foreign exchange reserves, inflation, and energy prices. The average dollar exchange rate today was approximately 50.58 pounds for selling and 50.48 pounds for buying, marking an increase of about 75 piasters over the week. Prices vary between banks depending on their supply and demand mechanisms and the flexible managed system implemented by the Central Bank to regulate the market and reduce volatility. Economic factors such as inflation and foreign currency inflows directly impact the currency's value, with the government and global markets closely monitoring to ensure exchange rate stability.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)