Egyptian Pound Edges Lower Against US Dollar Amid IMF Cautions on Regional Risks
The US Dollar exchange rate saw a relative increase against the Egyptian Pound at the start of trading on Sunday, August 2, 2026, according to the latest updates from state-owned and private banks across Egypt.
In response to a question from CNN Business Arabic, Amine Mati, the International Monetary Fund (IMF) Mission Chief for Egypt, stated that the most significant risk facing the latest review of Egypt's IMF program is not the government's commitment to reforms, but rather regional uncertainty and the volatility of global oil prices.
Mati noted that Egyptian authorities have demonstrated a strong capacity to manage external shocks when necessary. He further added that accelerating structural reforms—primarily the state divestment program, reducing the state's footprint in the economy, and leveling the playing field for the private sector—could propel the Egyptian economy's growth rate from approximately 4% to 8%.
Egyptians closely monitor the performance of the US Dollar and other foreign currencies, as the exchange rate serves as a primary driver of commodity prices in local markets, particularly for goods that heavily rely on imports.
US Dollar to Egyptian Pound Exchange Rates
The Egyptian Pound depreciated against the greenback based on the latest transactions at banks and exchange bureaus in the domestic market. According to Central Bank of Egypt (CBE) data at the time of writing, the US Dollar rose to EGP 51.09 for buying and EGP 51.19 for selling.
Below is a breakdown of the latest exchange rates across major Egyptian banks:
National Bank of Egypt (NBE): EGP 51.10 for buying and EGP 51.20 for selling.
Banque Misr: EGP 51.10 for buying and EGP 51.20 for selling.
Commercial International Bank (CIB): EGP 51.10 for buying and EGP 51.20 for selling.
Bank of Alexandria (Alexbank): EGP 51.10 for buying and EGP 51.20 for selling.
Abu Dhabi Islamic Bank (ADIB): EGP 51.12 for buying and EGP 51.22 for selling.