The US dollar exchange rate against the Egyptian pound remained remarkably stable on Sunday, December 28, 2025, as trading began in all Egyptian public and private banks. This calm in the foreign exchange market reflects the success of recent monetary policies in balancing supply and demand for foreign currency.
Economic context and background of exchange rate liberalization
This price stability is a continuation of a series of economic measures taken by the Egyptian government and the Central Bank, primarily focused on transitioning to a flexible exchange rate system. This system, established following the landmark decisions of March 2024, has effectively eliminated the parallel market and unified the exchange rate, restoring confidence in the Egyptian economy among investors and international financial institutions. The continuation of this stability demonstrates the availability of sufficient dollar liquidity to meet the needs of importers and businesses.
Details of today's dollar exchange rate in banks
Trading screens in Egyptian banks recorded the following prices for the US dollar:
- The Central Bank of Egypt: recorded 47.53 Egyptian pounds for buying and 47.67 Egyptian pounds for selling.
- National Bank of Egypt: The price reached 47.55 Egyptian pounds for buying and 47.65 Egyptian pounds for selling.
- Bank of Egypt: It recorded approximately 47.55 Egyptian pounds for buying and 47.65 Egyptian pounds for selling.
- Bank of Alexandria: The price reached 47.55 pounds for buying and 47.65 pounds for selling.
- Commercial International Bank (CIB): Recorded 47.54 pounds for buying, and 47.64 pounds for selling.
- Suez Canal Bank: Stable at 47.57 pounds for buying, and 47.67 pounds for selling.
- Abu Dhabi Islamic Bank: Recorded 47.57 pounds for buying, and 47.67 pounds for selling.
- Faisal Islamic Bank: It reached 47.54 pounds for buying, and 47.64 pounds for selling.
- National Bank of Kuwait: Recorded 47.54 pounds for buying, and 47.64 pounds for selling.
- Qatar National Bank (QNB): Recorded 47.48 Egyptian pounds for buying and 47.58 Egyptian pounds for selling.
The importance of exchange rate stability and its impact
The stability of the dollar at these levels carries significant economic implications both domestically and internationally. Domestically, a stable exchange rate helps curb inflation, as the stable cost of importing raw materials and essential goods positively impacts the prices of finished consumer goods. This stability also allows companies and factories to develop accurate future financial plans without fear of sudden cost fluctuations.
Internationally, this stability enhances the attractiveness of Egyptian debt instruments and foreign direct investment, as investors consistently seek markets with clear exchange rate visibility to safeguard their returns. Experts indicate that the continued flow of foreign currency through legitimate channels bolsters the central bank's foreign exchange reserves, thereby increasing the resilience of the Egyptian economy to any potential external shocks.
