Dollar Trades Above EGP 56 as Egyptian Banks Open Wednesday Sessions
The US dollar opened Wednesday’s trading above EGP 56 against the Egyptian pound, with exchange rates showing relatively narrow differences across Egypt’s banking sector following Tuesday’s decline.
At the Central Bank of Egypt, the official rate reached EGP 56.06 for buying and EGP 56.20 for selling on October 28, 2026.
ADIB Leads Banks With EGP 56.25 Buying Rate
Abu Dhabi Islamic Bank posted a buying price of EGP 56.25 and a selling price of EGP 56.35, the highest rates among the banks covered.
Bank NXT followed with EGP 56.15 for buying and EGP 56.25 for selling. National Bank of Kuwait recorded EGP 56.09 for buying and EGP 56.19 for selling.
Dollar Prices Converge Across Major Lenders
A broad group of banks priced the dollar at EGP 56.07 for buying and EGP 56.17 for selling. These included CIB, Al Baraka Bank, Arab Bank, Egyptian Gulf Bank, Faisal Islamic Bank, Industrial Development Bank, United Bank, Arab African International Bank, Suez Canal Bank, HSBC, National Bank of Egypt and Banque Misr.
Al Ahli Bank of Kuwait maintained the same EGP 56.07 buying rate while offering a lower selling price of EGP 56.13.
Several Banks Keep Buying Rate at EGP 56.05
The dollar changed hands at EGP 56.05 for buying and EGP 56.15 for selling at Abu Dhabi Commercial Bank, QNB, Housing and Development Bank, Kuwait Finance House and Egyptian Arab Land Bank.
Credit Agricole and First Abu Dhabi Bank offered EGP 56.04 for buying and EGP 56.14 for selling.
Bank of Alexandria Offers the Lowest Dollar Price
At the lower end of the market, Bank of Alexandria quoted the US currency at EGP 56.02 for buying and EGP 56.12 for selling, marking the lowest rate among the banks listed.