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Home » Egypt: dollar price approaches 48 pounds – Saudi News

Egypt: dollar price approaches 48 pounds – Saudi News

adminBy adminFebruary 24, 2026 Investor No Comments3 Mins Read
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The exchange rate of the US dollar against the Egyptian pound rose during today’s trading. Despite a significant increase in remittances from Egyptians abroad, the dollar once again approached the 48 pound barrier.

According to statistics compiled by Al Arabiya Business, the highest exchange rate to the US dollar for Industrial Development Bank, SAIB Bank, Suez Canal Bank, United Bank, Next Bank and Abu Dhabi Islamic Bank was 47.87 pounds for purchase and 47.97 pounds for sale.

lowest price

The lowest exchange rate for USD at Emirates NBD Bank was £47.68 for sale versus £47.58 for purchase.

The dollar exchange rate for the National Bank of Egypt, Bank of Alexandria, International Bank of Commerce, Faisal Islamic Bank, Arab and African International Bank, and HSBC was recorded at 47.85 pounds for buying versus 47.95 pounds for selling.

The exchange rate of the US dollar at the Central Bank of Egypt was recorded at 47.83 pounds for buying and 47.97 pounds for selling.

powerful performance

The Egyptian pound ended 2025 on a strong note, gaining 6.7% against the dollar since the beginning of last year, supported by a record surge in remittances from Egyptians working abroad and a recovery in liquidity in the banking sector.

According to data from the Central Bank of Egypt, remittances from Egyptians working abroad recorded record flows in 2025, increasing by 40.5% to around $41.5 billion compared to around $29.6 billion in 2024.

Remittances also increased by 29.6% in the first half of 2025-2026, reaching approximately $22.1 billion.

The exchange rate of the US dollar against the Egyptian pound rose during today’s trading. Despite a significant increase in remittances from Egyptians abroad, the dollar is once again approaching the 48 pound barrier.

According to statistics compiled by Al Arabiya Business, the companies with the highest exchange rates to the US dollar were Industrial Development Bank, Commercial International Bank CIB, Suez Canal Bank, United Bank, Next Bank, and Abu Dhabi Islamic Bank, at a buy price of 47.87 pounds and a sell price of 47.97 pounds.

lowest price

The lowest exchange rate for the US dollar was at Emirates NBD, at a buy price of £47.58 and a sell price of £47.68.

The dollar exchange rate for the National Bank of Egypt, Bank of Alexandria, Commercial International Bank, Faisal Islamic Bank, African Arab International Bank, and “HSBC” was 47.85 pounds for buying and 47.95 pounds for selling.

At the Central Bank of Egypt, the exchange rate of the US dollar was recorded at 47.83 pounds for buying and 47.97 pounds for selling.

strong performance

The Egyptian pound ended 2025 on a strong note, gaining 6.7% against the dollar since the beginning of last year, supported by a record surge in remittances from Egyptians working abroad and a recovery in liquidity in the banking sector.

According to data from the Central Bank of Egypt, remittances from Egyptians working abroad recorded an unprecedented inflow in 2025, increasing by 40.5% to around $41.5 billion compared to around $29.6 billion in 2024.

Remittances also increased by 29.6% in the first half of fiscal year 2025-2026, reaching approximately $22.1 billion.



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