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.

Egyptian pound Holds Steady Against Dollar: ‍Latest Exchange Rates (August 30, 2025)

Cairo, Egypt – The Egyptian pound remained relatively stable against the US dollar today, August 30, 2025, following a recent ⁣10-piaster shift in the dollar’s value last week. Exchange rates across major Egyptian banks show a consistent range, offering a clear picture for businesses and individuals.

According ‍to data ​compiled by World-Today-News.com, the Central Bank of Egypt (CBE) set the official exchange rate at 48.52 Egyptian pounds for purchase and ⁣48.66 pounds for sale.

Hear’s a breakdown of the dollar’s price at key ⁤Egyptian banks:

National⁣ Bank of ‌Egypt: 48.55 pounds for purchase, 48.65‍ pounds for sale.
Banque Misr: 48.55​ pounds for purchase, ⁤48.65 pounds for sale.
Bank of Alexandria: 48.55 pounds for purchase, 48.65 pounds for sale.
Commercial International Bank (CIB): 48.55 pounds for purchase, 48.65 pounds for sale.

World-Today-news.com is committed to providing up-to-the-minute currency updates ⁤for the Egyptian​ market. We will continue ‌to monitor exchange rates and report any notable changes as they occur.

Key Takeaways:

The Egyptian ​pound has ‌shown resilience following recent dollar fluctuations.
Exchange rates ‌are consistent across major banks.
World-Today-news.com provides ongoing coverage of the Egyptian​ financial landscape.

Keywords: ‍ Egyptian⁤ pound, dollar exchange​ rate, Egypt, CBE, National ⁣Bank of Egypt, Banque Misr, Bank of Alexandria, CIB, currency exchange, financial news, Egypt economy. Meta​ Description: Get the latest Egyptian ‌pound ‍to US dollar exchange rates ⁢from leading banks in Egypt. Stay informed with World-Today-News.com‘s up-to-date financial coverage.
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Cairo, Egypt – august 26, 2025 – ⁤Teh egyptian pound continued to‌ hold ‌steady against the US dollar today, trading at 48.44⁢ pounds for purchase ⁢and 48.57 pounds for sale at‍ the Central Bank of Egypt, according to ‌the latest official figures.This rate reflects the ‌ongoing efforts by the Central Bank ⁢to ⁢manage currency exchange rates within the ⁤country.

Several major Egyptian banks mirrored the Central Bank’s rates.Both‌ the National Bank of Egypt and Banque Misr offered a⁣ rate of 48.45 pounds‍ for purchasing dollars and ⁢48.55 pounds for selling them. Banque du Caire and⁢ the Commercial​ International ​Bank (CIB) also ⁤maintained the same 48.45/48.55 pound purchase/sale ratio.

The Bank of Alexandria also reported a rate of 48.45 pounds for purchase ​and 48.55 pounds for sale.

These exchange rates are⁤ closely monitored by Egyptians both within the country and abroad,particularly ‍those involved in remittances or international trade. Fluctuations in the dollar’s value directly impact the cost of imports and the purchasing power of the Egyptian pound.

The Central Bank of Egypt has been implementing various measures to stabilize the currency, including managing foreign ‌exchange reserves and adjusting‍ interest rates. The current rates represent a continuation of ⁣the recent trend, with the pound⁢ maintaining a relatively stable position against the dollar. The stability is crucial for controlling inflation and⁤ fostering economic growth.

This facts​ is provided to ⁣assist individuals and businesses in making informed decisions regarding currency ​exchange, reflecting the commitment to openness in​ the Egyptian financial market.

Dollar Rate Holds Steady in Egypt

Wednesday’s Figures Show Stable Exchange for US Currency

The exchange rate for the US dollar remained consistent on Wednesday, July 30, 2025, across major Egyptian banks, with Central Bank figures showing minimal fluctuation.

Central Bank Sets Dollar Price

In the Central Bank of Egypt, the US dollar was officially registered at 48.59 Egyptian pounds for purchasing and 48.72 pounds for selling, according to the latest available data from Egyptian financial institutions.

Major Banks Report Parallel Rates

The National Bank of Egypt and Banque Misr both recorded identical rates, offering the dollar for purchase at 48.65 pounds and for sale at 48.75 pounds. The Commercial International Bank (CIB) presented slightly different figures, listing the purchase price at 48.62 pounds and the sale price at 48.72 pounds.

Alexandria and Cairo Banks Align

The Bank of Alexandria set its purchase rate at 48.6 pounds and its sale rate at 48.7 pounds. Cairo Bank followed a similar pattern to other major institutions, with a purchase price of 48.65 pounds and a sale price of 48.75 pounds.

For context, the average monthly inflation rate in Egypt for June 2025 was reported at 3.1% by the Central Agency for Public Mobilization and Statistics (CAPMAS), indicating price stability in goods and services.