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 The Egyptian banking sector witnessed a calm start to the week, with the US Dollar maintaining its stability against the Egyptian Pound across ATM networks and local banks this Saturday. This steady currency performance is anchored by a robust influx of foreign currency, driven by record-breaking national reserves and soaring remittances from abroad.

Current Exchange Rates Across the country's leading financial institutions, the greenback showed minimal fluctuation. The Central Bank of Egypt (CBE) posted rates at 51.75 EGP for buying and 51.89 EGP for selling.

State-owned giants National Bank of Egypt (NBE) and Banque Misr both offered matching rates of 51.77 EGP to buy and 51.87 EGP to sell. Meanwhile, major private lenders, including the Commercial International Bank (CIB) and Bank of Alexandria, recorded identical rates, buying the dollar at 51.72 EGP and selling at 51.82 EGP.

Historic Foreign Reserves Milestone Adding to the positive economic sentiment, the Central Bank of Egypt recently disclosed a historic milestone. Egypt’s net foreign reserves swelled to an unprecedented $52.831 billion by the close of March 2026. This reflects a steady $85 million bump from February’s $52.746 billion, officially cementing the highest foreign reserve level in the country's economic history.

Remittances Drive Growth A significant pillar supporting this financial stability is the massive contribution of the Egyptian diaspora. The CBE reported that remittances from Egyptian expatriates achieved record-breaking inflows between July and March of the 2025/2026 fiscal year. Total transfers skyrocketed by 32.0% to hit an impressive $34.9 billion, a steep climb from the $26.4 billion recorded during the corresponding timeframe in 2024/2025.