USD hovers near EGP 51.8 at Egyptian banks after briefly topping 52

Updated 3/8/2026 11:58:00 AM
USD hovers near EGP 51.8 at Egyptian banks after briefly topping 52

Arab Finance: The US dollar traded at EGP 51.75 for buying and EGP 51.85 for selling at Banque Misr and the National Bank of Egypt (NBE) on Sunday by 11:42 am.

The same exchange rate was recorded at the Commercial International Bank Egypt (CIB) and Faisal Islamic Bank.

At the United Bank, the USD stood slightly higher at EGP 51.80 for purchasing and EGP 51.90 for selling.

Earlier in the session, the dollar briefly surpassed the EGP 52 mark before easing back to the levels recorded across most major banks.

The recent movement in the Egyptian pound comes amid heightened regional tensions in the Middle East, which have weighed on the local foreign exchange market.

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