The US dollar price in Egypt retreated again during trading on Wednesday, after a period of gains recorded by the American currency amid the return of geopolitical tensions in the region.

The dollar approached 51 pounds in recent days' trading as hot money exited Egyptian debt instruments, but with the return of hot money flows and the decline of the US currency against major currencies after US inflation data came in lower than expected, the Egyptian pound recovered some of its gains.

According to a statistic prepared by "Al Arabiya Business," the highest exchange rate for the US dollar was in Abu Dhabi Islamic Bank at 50.70 pounds for buying and 50.80 pounds for selling.

Meanwhile, the lowest exchange rate for the US dollar was at Emirates NBD Bank at 50.43 pounds for buying and 50.53 pounds for selling.

At banks such as National Bank of Egypt, Banque Misr, HSBC, NEXT, Alexandria Bank, Egyptian Gulf Bank, Tamweel, Housing and Development Bank, Industrial Development Bank, MID Bank, United Bank, and Arab African International Bank, the dollar price was 50.53 pounds for buying and 50.63 pounds for selling.

At the Central Bank of Egypt, the US dollar exchange rate recorded 50.51 pounds for buying and 50.65 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 the restoration of liquidity in the banking sector.

Hot Money in Egypt

Arab and foreign transactions in the secondary market for Egyptian government debt recorded net purchases worth $149 million during trading on Tuesday, according to Egyptian Stock Exchange data.

The return of hot money came after Arab and foreign transactions in the secondary market for government debt recorded net sales worth $893 million during trading last Monday.

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.

Foreign Exchange Reserves in Egypt

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 last May, an increase of $1.93 billion.

Egypt's foreign exchange reserves reached a new record level 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 an improvement in the country's foreign currency revenue sources, as exports have been rising 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 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 in April 2026 rose by 44% to about $4.3 billion, compared to about $3 billion in April 2025.

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

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