The US dollar saw a slight decline against the Egyptian pound at the close of trading on Wednesday, January 21, 2026, in most government and commercial banks operating in the Egyptian banking sector. This decrease reflects a state of relative stability in the exchange market, supported by the availability of dollar liquidity and the supply and demand mechanisms that have governed the market since the liberalization of the exchange rate.
Details of the dollar exchange rate in Egyptian banks
Trading screens in Egyptian banks recorded the following figures at the close of trading today:
- The Central Bank of Egypt: The average price of the dollar recorded 47.32 Egyptian pounds for buying and 47.46 Egyptian pounds for selling.
- National Bank of Egypt: The exchange rate reached 47.33 Egyptian pounds for buying and 47.43 Egyptian pounds for selling.
- Bank of Egypt: The dollar recorded 47.34 Egyptian pounds for buying and 47.44 Egyptian pounds for selling.
- Bank of Alexandria: The price reached 47.33 pounds for buying and 47.43 pounds for selling.
- Suez Canal Bank: The price stabilized at 47.33 Egyptian pounds for buying and 47.43 Egyptian pounds for selling.
- Commercial International Bank (CIB): Recorded 47.34 pounds for buying, and 47.44 pounds for selling.
- Faisal Islamic Bank: The price reached 47.38 pounds for buying and 47.48 pounds for selling.
- Abu Dhabi Islamic Bank: Recorded the highest levels at 47.54 pounds for buying and 47.64 pounds for selling.
- National Bank of Kuwait: Recorded 47.32 pounds for buying, and 47.42 pounds for selling.
- Cairo Bank: The lowest price recorded was 47.10 Egyptian pounds for buying and 47.20 Egyptian pounds for selling.
Exchange market mechanisms and their impact on the economy
The exchange rate of the US dollar against the Egyptian pound is determined by free market mechanisms based on supply and demand. This system allows banks to set their rates based on foreign currency inflows and customer needs. A slight decline or stability in the rate is a positive indicator, reflecting the banking sector's ability to meet the demands of importers and companies without significant pressure, thus contributing to increased confidence in the local currency.
The importance of exchange rate stability for citizens and the market
The dollar exchange rate is closely monitored by economists and citizens alike, given its direct impact on the prices of goods and services in the local market. Egypt relies heavily on imports for a significant portion of its basic needs and production inputs; therefore, any decrease or stability in the US dollar's value positively affects inflation rates and helps curb price increases. Furthermore, market stability is an attractive factor for both direct and indirect foreign investment, as investors prefer to operate in an economic environment characterized by clear exchange rate stability.
