Business
Dollar hits record above 55 Egyptian pounds as investors sell local treasuries
October 22, 2026 at 02:33 PM
Coverage
8 reports · over 43 hours
The US dollar surpassed 55 Egyptian pounds for the first time on Thursday, its record level, as foreign investors sold local treasury bills.
- The dollar closed at 55.25–55.37 pounds across Egyptian banks, surpassing the previous record of 54.65 pounds set in April.
- Interbank dollar trading jumped 62 percent to $3.12 billion this week from $1.93 billion last week on foreign exit requests.
- Banking expert Mohammed Abdel Aal said net foreign exits reached $376.4 million on Wednesday and the dollar could fall to 51–52.2 pounds if tensions ease.
- Metti Bashaay, head of the importers' internal trade committee, said some imported goods prices could rise about 10 percent if the surge continues.
- The dollar rose 59–79 piasters during Thursday trading at five banks including the National Bank of Egypt, Banque Misr and Al Baraka Bank.




