Remittances from Egyptians abroad support the pound. The Central Bank of Egypt announced a strong increase in remittances from Egyptians working abroad from January to October 2025, reaching $33.9 billion, compared to $23.7 billion during the same period last year, achieving a remarkable growth of 42.8%. This stability comes at a time of reduced demand for the dollar in the local market, supported by improvements in some indicators of dollar flows. The dollar exchange rate remains stable against the Egyptian pound on Monday, December 22, 2025, according to the latest updates from government and private banks, amid limited movement of the US currency in recent trading sessions. This increase...
