Egyptian Exchange Eases Currency Access as Dollar Demand โขCools
Cairo โ- November 13, 2025 – A leading exchangeโ company, backed by a state โฃbank, is now permitting customers too purchase up โto $300 inโฃ foreign โคcurrency โขwithout requiring travel documentation, according toโค statements made by two โcompany officials.The policy, reinstated after a year-long suspension, reflects a current surplus of foreign exchange โand reduced customer demand.
The exchange company is affiliated with a consortium of three government banks – Al-Ahly, Misr, and โคCairo – operating a โnetwork of โapproximately 200 branches nationwide.These companies aim to facilitate โคthe buying and โคselling of foreign currencies.
Officials attribute the policy change to a โrecent weakening of the dollar against the Egyptian pound. Over the pastโค three โขmonths, the pound has strengthened, reachingโ 47.15 pounds to theโข dollar for purchases โขand 47.25 pounds for sales โat the close of trading today. Thisโ increase is linked to rising foreign exchange inflows โfrom tourism, remittances from โขEgyptians working abroad, and foreign investment โin treasury bills.
“The supply of foreign exchange has reached 90-95% of demand during the last two months, particularly for the dollar and Saudi riyal,” โstated a directorโข at the government exchange company. The dollar andโ Saudi riyal areโ currently the most readily โavailable currencies,followed by the โคeuro,British pound,and UAE dirham. โExchange companies are reportedly selling excess dollar holdings โto their โฃaffiliatedโ banks dailyโค due to limited purchase requests.
The moveโค comes as the Central โBank’s liberalization of the exchange rate has effectively eliminated the black market for currency trading that prevailed โthroughout 2022, 2023, and early 2024. Recent decisions byโ banks โขtoโ remove restrictions on dollar depositsโฃ and โคincrease limits on creditโฃ card usage both withinโค and outside of Egypt are further bolstering confidence in the country’s economic stability and it’s progress in overcoming dollarization challenges.