The US dollar saw a slight decline against the Egyptian pound at the close of trading on Tuesday, January 13, 2026, in most government and commercial banks operating in the Egyptian banking sector. This movement is part of the normal daily fluctuations governed by supply and demand mechanisms within the banking market, reflecting the flexibility of the exchange rate and the stability of financial conditions.
Economic context and exchange rate mechanisms
This decline in the price of the US dollar is part of the monetary policy pursued by the Central Bank of Egypt, which relies on a flexible exchange rate that reflects the true value of the local currency. Historically, the Egyptian foreign exchange market has undergone several significant phases, most notably the decisions to liberalize the exchange rate. These decisions aimed to eliminate the parallel market and unify the currency's value, which contributed to attracting foreign investment and increasing foreign currency inflows through official channels.
The stability or slight decline in the dollar's exchange rate is a positive indicator of the availability of dollar liquidity in banks and the banking sector's ability to meet the needs of importers and citizens without significant strain. These minor fluctuations also demonstrate the market's healthy responsiveness to global and local economic changes.
Details of the dollar exchange rate in Egyptian banks
Trading screens in Egyptian banks recorded the following figures at the close of trading on Tuesday:
- The Central Bank of Egypt: The dollar recorded 47.06 Egyptian pounds for buying and 47.19 Egyptian pounds for selling.
- National Bank of Egypt: The dollar was priced at 47.10 Egyptian pounds for buying and 47.20 Egyptian pounds for selling.
- Bank of Egypt: The price recorded was 47.10 Egyptian pounds for buying and 47.20 Egyptian pounds for selling.
- Bank of Alexandria: The price stabilized at 47.10 pounds for buying and 47.20 pounds for selling.
- Commercial International Bank (CIB): The dollar recorded 47.10 Egyptian pounds for buying and 47.20 Egyptian pounds for selling.
- Suez Canal Bank: The price reached 47.07 pounds for buying and 47.17 pounds for selling.
- Cairo Bank: The dollar recorded 47.12 Egyptian pounds for buying and 47.22 Egyptian pounds for selling.
- Abu Dhabi Islamic Bank: Recorded 47.10 pounds for buying, and 47.20 pounds for selling.
- National Bank of Kuwait: The price reached 47.10 pounds for buying, and 47.20 pounds for selling.
- Faisal Islamic Bank: Recorded 47.10 pounds for buying, and 47.20 pounds for selling.
The importance of the dollar's decline and its expected impact
Even a slight decline in the dollar's value carries significant economic implications at both the local and regional levels. Locally, a decrease in the value of the foreign currency helps alleviate inflationary pressures, as Egypt relies heavily on imports for essential goods and production inputs. Therefore, any drop in the dollar's value can positively impact price stability in the markets.
Furthermore, this stability bolsters foreign investor confidence in the Egyptian economy, as capital always seeks markets with monetary stability and a clear economic outlook. This relative stability is expected to continue as long as cash flows from various sources, such as tourism, remittances from Egyptians abroad, Suez Canal revenues, and foreign direct investment, persist.
