US Dollar Edges Higher Against Egyptian Pound in Sunday Trading Following Central Bank Rate Hold
The U.S. Dollar (USD) recorded a modest uptick against the Egyptian Pound (EGP) in early trading across state-owned and private commercial banks on Sunday, August 23, 2026.
According to official data from the Central Bank of Egypt (CBE), the average exchange rate stood at EGP 50.82 for buying and EGP 50.92 for selling.
The currency movement follows the latest decision by the CBE's Monetary Policy Committee (MPC) to keep benchmark interest rates unchanged. The overnight deposit rate was maintained at 19.00%, the overnight lending rate at 20.00%, and the main operation and discount rates at 19.50%, reflecting the committee's ongoing assessment of inflation dynamics and macroeconomic expectations.
USD / EGP Bank Exchange Rates Snapshot (Sunday, August 23, 2026)
The table below outlines the latest foreign exchange quotations across major Egyptian banks:
Banking InstitutionBuy Rate (EGP)Sell Rate (EGP)Bank Classification
Central Bank of Egypt (CBE)50.8250.92Official Benchmark
National Bank of Egypt (NBE)50.8350.93State-Owned Commercial
Banque Misr50.8350.93State-Owned Commercial
Commercial International Bank (CIB)50.7850.88Private Commercial
Bank of Alexandria50.7350.83Private Commercial
Abu Dhabi Islamic Bank (ADIB Egypt)50.8550.95Islamic Commercial
Foreign Currency Inflows: Surge in Expatriate Remittances
The domestic FX market continues to receive structural liquidity support from Egyptian expatriate remittances, which recorded historic highs:
Fiscal Year 2025/2026 Total: Surged by 29.6% year-on-year to reach $47.3 billion, compared to $36.5 billion in FY 2024/2025.
June 2026 Inflows: Maintained upward momentum, climbing 15.6% year-on-year to $4.2 billion, up from $3.6 billion recorded in June 2025.