Egyptian pound hits record low as dollar reaches EGP 55.36
Egypt’s central bank set the dollar’s average selling rate at EGP 55.3576 on 22 October 2026, a new record for the US currency.
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The dollar tops 53 pounds in Egyptian banks
Banque Misr posts the dollar at 53.15 pounds for sale on October 14. Expatriate remittances reached 33.9 billion dollars from January to August.
Egypt Returns to Overall Balance of Payments Surplus Despite 22.5 Billion Dollar Current Account Deficit
The balance of payments posts an overall surplus of 2.8 billion dollars for the fiscal year ended in June, driven by capital inflows.
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