egyptian Pound gains Ground: Dollar Trades at 48 Pounds in Major Banks
Cairo, September 9, 2025 – The U.S. dollar exhibited marked stability in Egyptian banks during evening transactions today, following a significant decrease in value yesterday and fluctuating trade throughout the day. Multiple leading financial institutions are now listing the dollar at 48 Egyptian pounds for purchase and between 48.16 and 48.18 pounds for sale.
This strengthening of the egyptian pound arrives on the heels of a Central Bank of Egypt proclamation detailing foreign currency reserves exceeding $49 billion – the highest level recorded in years. The increased reserves signal an improved capacity for Egypt to meet import obligations and manage its external debt,bolstering confidence in the exchange market and potentially easing inflationary pressures.The stability impacts importers, consumers, and the broader Egyptian economy reliant on foreign trade.
Currently, the National Bank of Egypt and Banque Misr both quote a purchase rate of 48 pounds and a sale rate of 48.18 pounds per dollar. The Bank of Alexandria offers 48 pounds for purchase and 48.16 pounds for sale.The Commercial International Bank (CIB) and Cairo bank are also trading at 48 pounds for purchase and 48.18 pounds for sale.
Analysts suggest the dollar’s decline is particularly significant as it directly influences the cost of imported goods and raw materials.A lower dollar price could contribute to a slowdown in inflation and alleviate financial strain on consumers, especially given ongoing global pressures on energy and food prices. The Central Bank’s actions and reserve levels will be closely watched for indications of sustained stability in the coming weeks.