• Home
• Banks

The Egyptian pound remained stable against the US dollar on Sunday, August 24, 2025, across major state-owned and private banks, as the market resumed trading following the weekend break.

The stability comes as Fitch Solutions projected a brighter outlook for Egypt’s economy in the coming years, driven by strong domestic consumption, rising investment flows, and improved export performance.

In its latest report, Fitch said Egypt’s GDP growth is expected to accelerate to 4.7% in FY 2025/2026, up from 4.1% in the previous fiscal year. Growth is forecast to continue on an upward trajectory, reaching 5% in FY 2026/2027, before moderating slightly to 4.9% in 2027/2028 and 4.4% in 2028/2029, with growth stabilizing around 4.5% by FY 2029/2030.

The report noted that this reflects an upward revision of earlier estimates, with growth for FY 2024/2025 adjusted from 3.9% to 4.1%.

Dollar Exchange Rates in Egyptian Banks (August 24, 2025):

Central Bank of Egypt (CBE): EGP 48.43 (buy), EGP 48.57 (sell)

National Bank of Egypt (NBE): EGP 48.45 (buy), EGP 48.55 (sell)

Banque Misr: EGP 48.45 (buy), EGP 48.55 (sell)

Banque du Caire: EGP 48.61 (buy), EGP 48.71 (sell)

Commercial International Bank (CIB): EGP 48.45 (buy), EGP 48.55 (sell)

Bank of Alexandria: EGP 48.45 (buy), EGP 48.55 (sell)

Suez Canal Bank: EGP 48.45 (buy), EGP 48.55 (sell)

Crédit Agricole Egypt: EGP 48.42 (buy), EGP 48.52 (sell)

Abu Dhabi Islamic Bank (ADIB): Highest rate at EGP 48.75 (buy), EGP 48.85 (sell)

The exchange rate stability follows months of close monitoring by the Central Bank, as Egypt continues implementing structural reforms aimed at supporting economic resilience and restoring investor confidence.