Dollar exchange rate against the Egyptian pound exceeds 50 pounds

The Egyptian pound has experienced a sharp depreciation against the U.S. dollar, with the exchange rate now exceeding 50 pounds. This significant increase, observed on Monday, July 13, 2026, reflects growing pressures on the Egyptian currency in the market.

In major Egyptian banks, the dollar's buying price reached 50.18 pounds and the selling price hit 50.28 pounds at the National Bank of Egypt. Similar rates were recorded at other prominent banks, including Banque Misr, where the dollar traded at 50.17 for buying and 50.27 for selling. The Alexandria Bank saw slightly higher rates, with the dollar at 50.23 for buying and 50.33 for selling, while the Commercial International Bank (CIB) offered 50.15 for buying and 50.25 for selling. Abu Dhabi Islamic Bank recorded the highest rates among those reported, with the dollar at 50.33 for buying and 50.43 for selling.

This surge in the dollar's value against the pound is primarily linked to the withdrawal of foreign investors from local treasury bills. This outflow of capital has diminished the supply of foreign currency within Egypt, consequently intensifying the pressure on the pound. Adding to these economic challenges, the recent announcement regarding the closure of the Strait of Hormuz has further exacerbated the situation, contributing to the increased pressure on the Egyptian currency.