Thursday, September 10, 2026, 1:14 PM
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US Dollar Holds Steady Against Egyptian Pound as Annual Urban Inflation Slows to 14.5%

Thursday 10 September 2026 07:11
US Dollar Holds Steady Against Egyptian Pound as Annual Urban Inflation Slows to 14.5%

The US dollar remained relatively stable against the Egyptian pound across state-owned and private banks on Thursday, September 10, 2026, following the release of favorable domestic inflation figures.

Currency stability remains a pivotal indicator for Egyptian markets and consumers, serving as a primary driver for domestic retail pricing and imported consumer staples. According to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt's annual urban headline inflation slowed to 14.5% in August 2026, cooling from 14.9% in July, reflecting a decelerating pace in price increases for urban goods and services.

Official Central Bank and Commercial Bank Rates

Data published by the Central Bank of Egypt (CBE) placed the official exchange rate at EGP 51.14 for buying and EGP 51.28 for selling. Across major domestic lenders and foreign exchange bureaus, quotes reflected narrow spreads:

National Bank of Egypt (NBE): EGP 51.14 for buying and EGP 51.21 for selling.

Banque Misr: EGP 51.14 for buying and EGP 51.21 for selling.

Commercial International Bank (CIB): EGP 51.14 for buying and EGP 51.21 for selling.

Bank of Alexandria: EGP 51.10 for buying and EGP 51.20 for selling.

Abu Dhabi Islamic Bank (ADIB Egypt): EGP 51.16 for buying and EGP 51.26 for selling.

Regional Currencies Performance

Major Arab currencies traded slightly lower against the Egyptian pound during Thursday's session:

Saudi Riyal (SAR): Quoted at EGP 13.59 for buying and EGP 13.65 for selling at NBE, while ADIB Egypt recorded EGP 13.62 for buying and EGP 13.65 for selling.

UAE Dirham (AED): Traded at EGP 13.91 for buying and EGP 13.95 for selling at NBE, compared to EGP 13.93 for buying and EGP 13.96 for selling at ADIB Egypt.