US Dollar Ticks Up Against Egyptian Pound as Annual Expatriate Remittances Hit Record $47.3B
The US Dollar recorded slight gains against the Egyptian Pound (EGP) across major state-owned and private commercial banks on Thursday, September 3, 2026. Domestic markets continue to closely monitor foreign exchange movements due to their direct impact on consumer goods pricing and import costs.
The currency uptick coincides with robust foreign exchange liquidity data released for the external sector. Expatriate remittances from Egyptians working abroad surged to an unprecedented $47.3 billion during fiscal year 2025–2026, marking a 29.6% year-over-year increase compared to $36.5 billion in FY 2024–2025. The upward trajectory accelerated through the end of the fiscal year, with June 2026 remittances rising 15.6% to reach approximately $4.2 billion, up from $3.6 billion in June 2025.
Official and Commercial Exchange Rates
According to official figures from the Central Bank of Egypt (CBE), the benchmark rate stood at 51.04 EGP for buying and 51.18 EGP for selling.
Commercial bank quotes across key retail lenders:
BankBuy Rate (EGP)Sell Rate (EGP)
Central Bank of Egypt (CBE)51.0451.18
National Bank of Egypt (NBE)51.0551.15
Banque Misr51.0551.15
Commercial International Bank (CIB)51.0551.15
Abu Dhabi Islamic Bank (ADIB Egypt)51.0751.17
Bank of Alexandria51.0051.10
The relative stability within the 51.00–51.18 EGP corridor reflects ongoing FX availability across the banking channel, anchored by expanding remittance inflows and institutional liquidity management.