Egyptian Pound Firms Against US Dollar to EGP 50.80 at Central Bank as Arab Currencies Ease
The Egyptian pound recorded modest gains against the US dollar during Tuesday trading, with official rates settling at EGP 50.76 for buy and EGP 50.80 for sell, according to the latest official bulletin from the Central Bank of Egypt (CBE).
Across major commercial and state-owned banks, exchange rates demonstrated tight pricing discipline. State lenders National Bank of Egypt (NBE) and Banque Misr, alongside Commercial International Bank (CIB), quoted the greenback at EGP 50.77 for buy and EGP 50.87 for sell.
Meanwhile, Arab currencies retreated against the Egyptian pound. The Saudi Riyal traded between EGP 13.49 and EGP 13.56, while the UAE Dirham held between EGP 13.81 and EGP 13.86 across leading banking institutions.
USD / EGP Exchange Rate Snapshot Across Egyptian Banks
The table below details current US Dollar buy and sell exchange rates across Egyptian banking institutions:
Bank / Financial InstitutionBuy Rate (EGP)Sell Rate (EGP)Pricing Notes
Central Bank of Egypt (Official)50.7650.80Official benchmark rate
National Bank of Egypt (NBE)50.7750.87Major state-owned lender
Banque Misr50.7750.87Major state-owned lender
Commercial International Bank (CIB)50.7750.87Largest private sector bank
Bank of Alexandria50.7050.80Lower boundary pricing
Abu Dhabi Islamic Bank (ADIB)50.8050.90Premium retail rate
Key Arab Currency Rates in Egypt
The table below outlines exchange rates for key Gulf currencies against the Egyptian Pound:
CurrencyBankBuy Rate (EGP)Sell Rate (EGP)
Saudi Riyal (SAR)National Bank of Egypt13.4913.55
Saudi Riyal (SAR)Abu Dhabi Islamic Bank13.5313.56
UAE Dirham (AED)National Bank of Egypt13.8113.85
UAE Dirham (AED)Abu Dhabi Islamic Bank13.8313.86