US Dollar Extends Decline Against Egyptian Pound Below EGP 49

July 7, 2026 – The US dollar continued to decline against the Egyptian pound on Tuesday, remaining below the EGP 49 level as improving foreign currency inflows and investor confidence supported the local currency.

According to the National Bank of Egypt, the US dollar was recording at EGP 48.7606 for buying and EGP 48.8606 for selling, compared with EGP 48.8071 and EGP 48.9071 on Monday, and EGP 48.8886 and EGP 48.9886 on Sunday.

Foreign Inflows Support the Pound

The Egyptian pound has continued to strengthen amid sustained foreign currency inflows, supported by increased investment in Egyptian government debt instruments and improved liquidity in the banking sector.

The stronger performance of the local currency has also been supported by easing regional tensions, which have encouraged renewed investor interest in Egypt's financial markets.

How Foreign Currency Inflows Are Supporting the Pound

Recent economic indicators have further supported exchange rate stability, with stronger remittances from Egyptians working abroad and record levels of the international reserves contributing to improved foreign currency availability.

These developments have helped strengthen confidence in the domestic foreign exchange market and supported the pound against the US dollar.

Markets Await Monetary Policy Signals

Investors are now looking ahead to the upcoming Central Bank of Egypt monetary policy meeting for further guidance on interest rates and the outlook for the local currency.

Market participants also continue to monitor global financial conditions and US monetary policy, which remain key factors influencing capital flows and foreign exchange markets.