US Dollar Remains Stable Against Egyptian Pound Amid Controlled Market Movements
The US dollar maintained its stability against the Egyptian pound in the local banking market on Tuesday, with only minor variations recorded across some financial institutions. This steady performance reflects the ongoing monetary stability in Egypt and the government’s firm support for the official currency exchange framework.
According to the Central Bank of Egypt, the dollar was trading between EGP 49.60 and EGP 49.62 for buying, and between EGP 49.74 and EGP 49.75 for selling.
Among the country’s leading banks, the National Bank of Egypt offered the dollar at EGP 49.61 for buying and EGP 49.71 for selling. Banque Misr quoted rates ranging from EGP 49.63 to EGP 49.65 for buying and between EGP 49.73 and EGP 49.75 for selling. Other major banks, including Bank of Alexandria and QNB Al Ahli, offered similar ranges, while the Commercial International Bank (CIB) listed the dollar at EGP 49.65 for buying and EGP 49.75 for selling.
The highest buying rate was recorded at the Housing and Development Bank at EGP 49.70, while the highest selling rate reached EGP 49.86 at Abu Dhabi Islamic Bank, marking the upper end of today’s trading spectrum.
In general, dollar prices across Egyptian banks hovered within a narrow band of EGP 49.60 to EGP 49.70 for buying, and EGP 49.71 to EGP 49.86 for selling.
Market observers note that the continued stability in exchange rates signals growing confidence in Egypt’s official financial system, especially as authorities work to reduce reliance on informal currency markets and support economic reform.