US Dollar Stabilizes Above EGP 50 on Thursday, August 13, 2026, Amid Record Remittance Growth
The US Dollar (USD) maintained relative stability against the Egyptian Pound (EGP) at the start of trading on Thursday, August 13, 2026, holding steady above the 50-pound threshold according to the latest updates from state-owned and private banks in Egypt.
Egyptians closely monitor the performance of the US dollar and other foreign currencies, as they serve as the primary drivers of commodity prices in the local market, particularly for goods that rely heavily on imports.
Innovative Tax Mechanisms and Remittance Surge
In a related economic development, Egypt has approved a proposal to issue tax sukuk funded by taxpayers, with the value to be deducted from their future tax liabilities. This step, marking a first in Egypt's modern history, enables the state to collect its dues based on the factoring principle.
Simultaneously, remittances from Egyptian expatriates witnessed remarkable growth during the 2025-2026 fiscal year. Remittances surged by 33.2% during the first 10 months (from July 2025 to April 2026), reaching approximately $39.2 billion. This is a significant jump compared to the $29.4 billion recorded during the same period of the previous fiscal year.
USD/EGP Exchange Rates in Egyptian Banks
According to the Central Bank of Egypt (CBE), the official exchange rate stood at 50.17 EGP for buying and 50.27 EGP for selling. The exchange rates across various local banks remained largely unchanged.
The following table outlines the latest USD to EGP exchange rates across major governmental and private banks in the Egyptian market:
BankBuying Rate (EGP)Selling Rate (EGP)
Central Bank of Egypt (CBE)50.1750.27
National Bank of Egypt (NBE)50.1750.27
Banque Misr50.1750.27
Commercial International Bank (CIB)50.1750.27
Abu Dhabi Islamic Bank (ADIB)50.1950.27
Bank of Alexandria50.1050.20
Arab Currency Exchange Rates
Arab currencies also demonstrated stability against the Egyptian Pound on Thursday. The table below details the rates for the Saudi Riyal (SAR) and the UAE Dirham (AED) in select banks:
CurrencyBankBuying Rate (EGP)Selling Rate (EGP)
Saudi Riyal (SAR)National Bank of Egypt (NBE)13.3313.39
Saudi Riyal (SAR)Abu Dhabi Islamic Bank (ADIB)13.3713.39
UAE Dirham (AED)National Bank of Egypt (NBE)13.6513.69
UAE Dirham (AED)Abu Dhabi Islamic Bank (ADIB)13.6713.67