Forex
Dollar Rises 5 Piastres in Egyptian Banks Amid Ongoing Economic Factors
The exchange rate of the US dollar against the Egyptian pound rose by approximately 5 piastres at the start of weekly trading on Sunday, August 9, 2026. The average selling price reached 49.87 Egyptian pounds, while the buying price stood at 49.73 pounds.
Abu Dhabi Islamic Bank and Suez Canal Bank led with selling prices at 49.86 pounds, while rates held steady at the Commercial International Bank, United Bank, and Bank of Alexandria at 49.84 pounds for selling.
The modest movement in exchange rate occurs within the managed flexible exchange rate system implemented by the Central Bank of Egypt, which allows price movements according to supply and demand mechanisms, with the central bank intervening when necessary to regulate the market.