The US dollar exchange rate against the Egyptian pound is witnessing remarkable stability at the start of trading this morning in Egyptian public and private banks, on Wednesday, January 28, 2026. This stability comes within the context of a new phase the Egyptian economy is undergoing, aimed at enhancing transparency and eliminating the parallel currency market, which will positively impact the investment climate and the confidence of local and international traders.
Background to the stability of the exchange rate in Egypt
The current stability of the exchange rate is not a coincidence, but rather the result of a series of important economic measures taken by the Egyptian monetary authorities. After years of pressure on foreign currency reserves and the existence of two exchange rates for the dollar—one official and the other in the parallel market with a significant difference—the Central Bank of Egypt made a decisive decision in March 2024 to fully liberalize the exchange rate. This decision, known as “full float,” allowed the pound’s value to be determined by supply and demand mechanisms, a crucial step aimed at unifying the exchange rate and attracting foreign currency inflows. This move was supported by major investment deals, such as the Ras El Hekma development project, as well as an increased financing program with the International Monetary Fund, which provided significant dollar liquidity that contributed to market stability.
The importance of dollar stability and its economic impact
The stability of the dollar exchange rate is of paramount importance to the Egyptian economy on several levels. Domestically, stability helps curb inflation, especially since Egypt relies on imports of many essential goods and raw materials that are priced in dollars. It also empowers companies and manufacturers to plan financially and more accurately determine production and import costs, thus contributing to price stability in local markets. Internationally, a flexible and stable exchange rate enhances Egypt's attractiveness as a destination for foreign direct investment, encouraging investors to confidently allocate their funds across various economic sectors, which in turn supports economic growth and creates new job opportunities.
Dollar exchange rates in major Egyptian banks today
Here are the details of the dollar exchange rates in a number of banks operating in Egypt today, Wednesday:
Dollar price at the Central Bank of Egypt
The price of the dollar at the Central Bank of Egypt was recorded at 46.97 Egyptian pounds for buying and 47.11 Egyptian pounds for selling.
Dollar price at the National Bank of Egypt
The price of the dollar at the National Bank of Egypt reached 47 pounds for buying and 47.10 pounds for selling.
Dollar price at Banque Misr
The dollar price at Banque Misr was recorded at 47 Egyptian pounds for buying and 47.10 Egyptian pounds for selling.
Dollar price at Alexandria Bank
The dollar was priced at 47 Egyptian pounds for buying and 47.10 Egyptian pounds for selling at Alexandria Bank.
Dollar price at Commercial International Bank (CIB)
The dollar was priced at 47 Egyptian pounds for buying and 47.10 Egyptian pounds for selling at the Commercial International Bank.
Dollar price at Abu Dhabi Islamic Bank
The price of the dollar at Abu Dhabi Islamic Bank reached 47.03 Egyptian pounds for buying and 47.13 Egyptian pounds for selling.
Dollar price at Suez Canal Bank
The dollar price at Suez Canal Bank remained stable at 47.02 Egyptian pounds for buying and 47.12 Egyptian pounds for selling.
