The dollar price in Egypt recorded a slight decline during trading on Tuesday, as the US currency continued its decline for the second consecutive day.

The dollar price fell below 51 pounds in several Egyptian banks amid a slowdown in the pace of hot money outflows from Egyptian debt instruments.

According to a count prepared by "Al Arabiya Business," the highest price for the US dollar was at Abu Dhabi Islamic Bank at 51.42 pounds for buying and 51.52 pounds for selling.

Meanwhile, the lowest price for the US dollar was at Emirates NBD Bank at 50.40 pounds for buying and 50.50 pounds for selling.

At the National Bank of Egypt, Kuwait Finance House, and HSBC, the dollar price reached 51.02 pounds for buying and 51.12 pounds for selling.

At Al Baraka Bank, Abu Dhabi Commercial Bank, Egyptian Gulf Bank, and Agricultural Bank of Egypt, the dollar price reached 50.95 pounds for buying and 51.05 pounds for selling.

At the Central Bank of Egypt, the US dollar exchange rate recorded 51.01 pounds for buying and 51.15 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 $1.46 billion during last week's trading, according to Egyptian stock exchange data.

The pace of hot money outflows from Egypt resumed after a period of positive inflows, amid renewed geopolitical tensions in the region, which led to an increase in the US dollar exchange rate against the Egyptian pound.

During last June, Arab and foreign transactions in the secondary government debt market recorded net purchases of $8.76 billion, while hot money inflows recorded net purchases of $11.66 billion during the second quarter of 2026.

Egypt's foreign exchange reserves

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

Egypt's foreign exchange reserves at the end of June 2026 reached a new record high, 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 seen a rising trend since the beginning of 2025, along with increased income flows from tourism and remittances from Egyptians abroad.

Remittances from Egyptians abroad

Remittances from Egyptians working abroad rose by 33.2% during the first 10 months of the current fiscal year (July/April 2025-2026) to reach 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 in April 2026 by 44% to reach about $4.3 billion, compared to about $3 billion in April 2025.

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

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