Dollar exchange rates at Egyptian banks on Wednesday
Central Bank of Egypt:
Buying: EGP 49.00
Selling: EGP 49.14
National Bank of Egypt:
Buying: EGP 49.00
Selling: EGP 49.40
Banque Misr:
Buying: EGP 49.00
Selling: EGP 49.40
Banque du Caire:
Buying: EGP 49.00
Selling: EGP 49.40
Bank of Alexandria:
Buying: EGP 49.00
Selling: EGP 49.40
Commercial International Bank (CIB):
Buying: EGP 49.00
Selling: EGP 49.40
The ongoing stability in the exchange market underscores the
effectiveness of the Central Bank's monetary policies in managing foreign
currency liquidity and maintaining market balance, despite prevailing regional
and international economic challenges.
Local markets are closely watching upcoming decisions by the
US Federal Reserve on interest rates, which are expected to have a direct
impact on global dollar flows and implications for Egypt’s inflation and
foreign investment outlook.
These developments also align with broader government
efforts to boost foreign currency inflows by expanding export support programs,
increasing remittances from Egyptians abroad, and attracting more foreign
direct investment.