US Dollar Declines Against Egyptian Pound on Wednesday, June 25, 2025
The US dollar continued its downward trajectory against the Egyptian pound on Wednesday, nearing the 50 EGP mark across most major banks, both public and private. This notable movement reflects growing shifts in regional and global economic and geopolitical dynamics.
The dip in the dollar’s value follows a period of volatility driven by heightened tensions between Iran and Israel. The uncertainty has cast a shadow over global markets, prompting cautious investor behavior—particularly among foreign holders of Egypt’s domestic debt instruments, commonly referred to as "hot money."
Exchange Rates at Major Banks – June 25, 2025
As of Wednesday morning, the US dollar was trading at the following rates:
Commercial International Bank (CIB):
Buy – EGP 50.00 | Sell – EGP 50.10
Arab Egyptian Land Bank:
Buy – EGP 50.00 | Sell – EGP 50.10
AlexBank:
Buy – EGP 50.00 | Sell – EGP 50.10
Faisal Islamic Bank:
Buy – EGP 50.00 | Sell – EGP 50.10
Banque du Caire:
Buy – EGP 50.00 | Sell – EGP 50.10
Banque Misr:
Buy – EGP 50.00 | Sell – EGP 50.10
Arab African International Bank:
Buy – EGP 50.00 | Sell – EGP 50.10