Egyptian Pound Slides Against US Dollar on September 29, 2025
Cairo, Egypt – september 29, 2025 - The Egyptian pound continued its descent against the US dollar today, reaching new levels as of market close. Multiple banks across Egypt reported exchange rates hovering around 48 Egyptian pounds to the dollar, impacting importers, consumers, adn the nation’s broader economic outlook. The fluctuations come amid ongoing economic reforms and a persistent demand for US currency.
the official exchange rate reflects increasing pressure on the Egyptian pound, driven by factors including import costs and foreign debt obligations. These shifts directly affect the price of goods, potentially fueling inflation and impacting purchasing power for Egyptian citizens. Further volatility is anticipated as the government navigates economic challenges and seeks to stabilize the currency.
Here’s a snapshot of dollar exchange rates at major Egyptian banks as of September 29,2025:
* National Bank of Egypt: 48 pounds for purchase,48.11 pounds for sale.
* Banque Misr: 48 pounds for purchase, 48.11 pounds for sale.
* Bank of Alexandria: 48 pounds for purchase, 48.11 pounds for sale.
* Commercial International Bank (CIB): 47.98 pounds for purchase,48.11 pounds for sale.
* Cairo Bank: 48 pounds for purchase, 48.11 pounds for sale.
The Central Bank of Egypt previously recorded the dollar at 47.97 pounds for purchase and 48.11 pounds for sale. These rates represent the closing values for transactions completed today.
