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EconomyUS Dollar Surges Against Egyptian Pound, Exceeding 54 EGP in Banks
The US dollar saw a significant jump of approximately 60 piasters against the Egyptian pound in local banks on Monday, with rates reaching up to EGP 54.45 for buying. This rise is expected to increase the cost of imported goods, potentially leading to a 10% price hike for some items.
Egypt Independent|October 21, 2026
EconomyUS Dollar Surges Against Egyptian Pound, Exceeding 54 EGP in Banks
The US dollar exchange rate against the Egyptian pound surged by approximately 60 piasters on Monday, with rates reaching up to LE 54.45 for buying in various banks. This rise is expected to increase the cost of imported goods, potentially leading to a 10 percent price hike for some items.
Egypt Independent|October 21, 2026