The dollar price in Egypt recorded a new rise during trading on Thursday, as the US currency continued its gains that began in Wednesday's trading.

The dollar approached the 50-pound level again in most Egyptian banks, after a period of decline below 49 pounds, supported by increased hot money flows into Egyptian debt instruments.

According to a tally prepared by Al Arabiya Business, the highest dollar exchange rate was at Abu Dhabi Islamic Bank at 49.70 pounds for buying and 49.80 pounds for selling.

The lowest dollar exchange rate was at Emirates NBD and Faisal Islamic Bank at 49.55 pounds for buying and 49.65 pounds for selling.

At the National Bank of Egypt, Banque Misr, Arab Bank, HSBC, Next, Egyptian Gulf Bank, Real Estate Bank, Housing and Development Bank, Industrial Development Bank, Suez Canal Bank, MID Bank, and Arab African Bank, the dollar rate stood at 49.65 pounds for buying and 49.75 pounds for selling.

At the Central Bank of Egypt, the dollar exchange rate recorded 49.63 pounds for buying and 49.77 pounds for selling.

The Egyptian pound had ended 2025 with strong performance, rising 6.7% against the dollar since the beginning of last year, supported by a record surge in remittances from Egyptians abroad and restored liquidity in the banking sector.

Hot Money in Egypt

Arab and foreign transactions in the secondary market for Egyptian government debt recorded net sales of $187 million during Wednesday's trading, according to Egyptian Stock Exchange data.

The exit of hot money from the Egyptian market came after a period of positive inflows, as the return of geopolitical tensions contributed to the rise of the dollar against the Egyptian pound.

Arab and foreign transactions in the secondary market for Egyptian government debt had recorded net purchases of $554 million during Tuesday's trading.

Arab and foreign transactions in the secondary market for government debt also recorded net purchases of $682 million during last week's trading, according to Egyptian Stock Exchange data and Al Arabiya Business calculations.

During last June, Arab and foreign transactions in the secondary market for government debt recorded net purchases of $8.76 billion.

Meanwhile, hot money flows recorded net purchases of $11.66 billion during the second quarter of 2026, and about $11.6 billion since the beginning of the current year 2026.

Egypt's Foreign Exchange Reserves

The Central Bank of Egypt announced an increase in Egypt's net foreign exchange reserves to $55.07 billion in last June, compared to $53.134 billion in last May, an increase of $1.93 billion.

Egypt's foreign exchange reserves reached a new record high at the end of June 2026, becoming the highest in the country's history.

The steady growth in Egypt's net international reserves is supported by improved sources of foreign currency revenue, as exports have risen steadily since the beginning of 2025, along with increased tourism income and remittances from Egyptians abroad.

Remittances of Egyptians Abroad

Remittances from Egyptians abroad rose by 33.2% during the first 10 months of the current fiscal year (July/April 2025-2026) to about $39.2 billion, compared to about $29.4 billion during (July/April 2024-2025), according to Central Bank of Egypt data.

On a monthly basis, remittances from Egyptians abroad rose by 44% during April 2026 to about $4.3 billion, compared to about $3 billion during April 2025.

Remittances from Egyptians abroad during 2025 recorded record flows, the highest ever, rising by 40.5% to about $41.5 billion, compared to about $29.6 billion during 2024.

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