Dollar Exchange Rate Climbs in Nine Egyptian Banks Amidst Market Fluctuations
Cairo – september 11, 2025 - The U.S. dollar saw a notable increase against the Egyptian pound in nine banks today, marking a shift in exchange rates at the close of trading. The fluctuations, ranging from 7 to 11 piasters, reflect ongoing economic pressures and impact both importers and individuals reliant on foreign currency. These changes come as egypt navigates a period of economic reform and seek to stabilize its currency.
The rising dollar price affects the cost of imported goods, potentially leading to inflationary pressures on essential commodities. Businesses that rely on foreign currency for operations will also feel the impact, while Egyptians holding pound-denominated savings may see a decrease in their purchasing power. experts anticipate continued volatility in the exchange rate as economic conditions evolve.
here’s a breakdown of the dollar’s closing exchange rates in ten key Egyptian banks, as of today, September 11, 2025:
National Bank of Egypt: 48.15 pounds for purchase, 48.25 pounds for sale (up 7 piasters).
Bank of Egypt: 48.15 pounds for purchase, 48.25 pounds for sale (up 7 piasters).
Cairo Bank: 48.15 pounds for purchase, 48.25 pounds for sale (up 7 piasters). Commercial International Bank: 48.15 pounds for purchase, 48.25 pounds for sale (up 9 piasters). Al Baraka Bank: 48.12 pounds for purchase, 48.22 pounds for sale (up 7 piasters).
Suez Canal Bank: 48.21 pounds for purchase, 48.31 pounds for sale (up 11 piasters).
Credit Agricole Bank: 48.14 pounds for purchase, 48.24 pounds for sale (up 9 piasters).
Bank of Alexandria: 48.14 pounds for purchase, 48.24 pounds for sale (up 7 piasters).
Advancement and Housing Bank: 48.05 pounds for purchase, 48.15 pounds for sale (up 10 piasters).
Abu Dhabi islamic Bank: 48.21 pounds for purchase, 48.31 pounds for sale (down 10 piasters).