Egyptian Pound Gains Strength, Dollar Price Declines 7.1% in 2025
Cairo, Egypt – November 12, 2025 – Teh price of the U.S. dollar in Egypt has fallen by 7.1% since January 1, 2025, bolstered by increased foreign exchange inflows adn a strengthening Egyptian pound. The Central Bank of Egypt (CBE) attributes this positive trend to rising remittances from Egyptians working abroad and a surge in bank transfers, contributing to stability in commodity prices and easing inflationary pressures linked to exchange rate volatility.
This growth offers potential relief to Egyptian consumers and businesses facing import costs denominated in U.S.dollars. A stronger pound reduces the cost of imported goods,potentially lowering inflation and supporting economic growth. However,financial market analysts caution that the gains remain vulnerable to sudden shifts in global markets and fluctuations in foreign exchange flows.
According to a recent CBE announcement,remittances from Egyptian workers overseas experienced a significant increase during the first eight months of 2025,reaching $26.6 billion – a 47.2% rise compared to the $18.1 billion recorded during the same period in 2024. Further contributing to the positive trend, transfers to Egypt in August 2025 rose by 32.6% to approximately $3.5 billion,up from $2.6 billion in August 2024.
The CBE continues to monitor global market conditions and potential risks to maintain financial stability and manage exchange rate fluctuations.
