US Dollar Holds Steady Against Egyptian Pound in Early Monday Trading Amid Robust Remittance Inflows
The U.S. Dollar (USD) maintained a steady posture against the Egyptian Pound (EGP) at the opening of trading on Monday, August 24, 2026, showing little variation across state-owned and major private commercial banks.
Official data from the Central Bank of Egypt (CBE) set the benchmark rate at EGP 50.81 for buying and EGP 50.91 for selling, mirroring identical pricing levels reported across leading retail banking channels.
The foreign exchange market remains supported by substantial foreign currency liquidity from Egyptian expatriate remittances, which recorded a historic high of $47.3 billion in the 2025/2026 fiscal year (up 29.6% year-on-year). Inflows maintained strong momentum through the end of the fiscal year, rising 15.6% year-on-year in June 2026 to reach approximately $4.2 billion.
USD / EGP Bank Exchange Rates Snapshot (Monday, August 24, 2026)
The table below outlines the latest foreign exchange quotations across major Egyptian banking institutions:
Banking InstitutionBuy Rate (EGP)Sell Rate (EGP)Sector Classification
Central Bank of Egypt (CBE)50.8150.91Official Benchmark
National Bank of Egypt (NBE)50.8150.91State-Owned Commercial
Banque Misr50.8150.91State-Owned Commercial
Commercial International Bank (CIB)50.8150.91Private Commercial
Key Market Drivers
Bank Rate Parity: Leading state and private commercial lenders converged on identical buy and sell spreads (EGP 50.81 / 50.91), indicating tight liquidity balance and orderly clearing across the interbank FX market.
Import Price Sensitivity: Exchange rate stability remains closely monitored by market participants, as foreign currency rates serve as a direct pricing baseline for essential imported commodities and industrial raw materials.
Expatriate Liquidity Anchor: Sustained double-digit expansion in remittance transfers continues to provide a dependable cushion for the banking system's net foreign asset buffers.