US dollar drops against the pound on 19/7/2026
Today's report shows that the US dollar exchange rate against the Egyptian pound increased by 4 piastres at the start of the week, with the average price reaching approximately 50.52 pounds for buying and 50.62 pounds for selling in Egyptian banks. This comes amid expectations that the currency will remain within a cautious range and maintain stability above the 50-pound mark. The rise is attributed to the effects of hot money flows, demand from importers, and geopolitical developments impacting energy and shipping prices, along with the continued demand for dollars due to market needs. However, an increased foreign currency reserves may support price stability in the future.
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