Saudi Riyal Stabilizes Against the Egyptian Pound as Egypt”s Foreign Reserves Hit Record Highs
The Saudi Riyal (SAR) exchange rate against the Egyptian Pound (EGP) maintained its stability across ATM networks and major banks today, Saturday, June 6, 2026.
This steady currency performance runs parallel to highly positive macroeconomic announcements, as Egypt recently recorded unprecedented levels in both its foreign currency reserves and remittance inflows.
Below is a detailed breakdown of the latest SAR exchange rates recorded at major Egyptian banks:
BankBuying Rate (EGP)Selling Rate (EGP)
Central Bank of Egypt (CBE)13.7813.82
National Bank of Egypt (NBE)13.7613.81
Banque Misr13.7513.81
Bank of Alexandria13.7113.80
Record Net Foreign Reserves
In related macroeconomic developments, the Central Bank of Egypt (CBE) announced that the nation's net foreign reserves climbed to USD 52.831 billion by the end of March. This marks an increase of USD 85 million from the USD 52.746 billion recorded in February 2026. The CBE highlighted that the reserves at the end of March represent a new milestone, becoming the highest in the country's history.
Surge in Expat Remittances
Remittances from Egyptians working abroad have also shown exceptional growth, achieving record inflows during the July-March period of the 2025/2026 fiscal year. Total transfers surged by 32.0%, reaching approximately USD 34.9 billion, compared to around USD 26.4 billion during the same period in the 2024/2025 fiscal year.