Euro Holds Steady Against the Egyptian Pound as Reserves and Remittances Rise

Saturday 31 January 2026 09:54

The euro remained stable against the Egyptian pound on Saturday, January 31, 2026, in ATM transactions across Egypt.

At the Central Bank of Egypt, the euro was priced at EGP 56.08 for buying and EGP 56.24 for selling.

At the National Bank of Egypt, the euro recorded EGP 55.90 for buying and EGP 56.58 for selling, while Banque Misr quoted the currency at EGP 55.89 for buying and EGP 56.58 for selling.

Meanwhile, the Bank of Alexandria listed the euro at EGP 55.91 for buying and EGP 56.46 for selling.

Egypt’s Foreign Reserves and Remittances

The Central Bank of Egypt announced that net foreign reserves increased to $50.216 billion by the end of November 2025, up from $50.071 billion at the end of October, marking a rise of $145 million.

In parallel, remittances from Egyptians working abroad rose sharply during the period from January to November 2025, increasing by 42.5% year-on-year to reach a record high of $37.5 billion, compared to $26.3 billion during the same period in 2024.

On a monthly basis, remittances in November 2025 surged by 39.9%, totaling approximately $3.6 billion, compared to $2.6 billion in November 2024.