The Egyptian foreign exchange market witnessed new developments at the close of trading on Monday, January 19, 2026, with the US dollar recording a notable increase against the Egyptian pound in most banks operating in the banking sector. This rise reflects the supply and demand dynamics governing the market, amid close monitoring by investors and citizens of the latest updates on trading screens.
Economic context and exchange rate mechanisms
The exchange rate of the US dollar against the Egyptian pound is considered one of the most important economic indicators and receives widespread attention due to its direct impact on various economic sectors. Since the Central Bank of Egypt adopted a flexible exchange rate policy, prices have been determined by market forces and supply and demand mechanisms, contributing to the elimination of the parallel market and attracting foreign investment. These daily fluctuations are a natural part of a free banking system, reflecting changes in cash flows and international trade.
Details of dollar exchange rates in Egyptian banks
According to the latest updates recorded this evening, the exchange rates of the US dollar in the most prominent Egyptian banks are as follows:
- The Central Bank of Egypt: The dollar recorded 47.35 Egyptian pounds for selling and 47.49 Egyptian pounds for buying, reflecting the general average price in the market.
- The National Bank of Egypt and Banque Misr: As the two largest government banks, the dollar recorded an increase in them to reach 47.36 pounds for selling, and 47.46 pounds for buying.
- Abu Dhabi Islamic Bank: Recorded the highest price for the dollar today, reaching 47.50 Egyptian pounds for selling and 47.60 Egyptian pounds for buying.
- Commercial International Bank (CIB): The price reached 47.38 Egyptian pounds for selling and 47.48 Egyptian pounds for buying.
- Bank of Alexandria: The price rose to record 47.37 pounds for selling, and 47.47 pounds for buying.
- Suez Canal Bank: The dollar recorded 47.40 Egyptian pounds for selling and 47.50 Egyptian pounds for buying.
- National Bank of Kuwait: The price reached 47.34 pounds for selling, and 47.44 pounds for buying.
- Cairo Bank: It witnessed relative stability at 47.10 pounds for selling and 47.20 pounds for buying.
Expected economic impact
The dollar exchange rate is closely linked to the cost of goods and services in the local market, especially those reliant on imported production inputs. Slight increases in the exchange rate typically stimulate Egyptian exports by making them more competitive in foreign markets, while potentially putting slight pressure on import costs. Egyptian banks work to provide the necessary foreign currency to meet importers' needs and facilitate the opening of letters of credit, thus ensuring the continued operation of production and the availability of strategic goods in the markets.
