Economy Country 2026-01-12T13:11:07+00:00

Dollar Stabilizes Against Pound in Egypt

The US dollar stabilized against the Egyptian pound amid falling inflation and improving macroeconomic indicators, boosting confidence in the economy.


Dollar Stabilizes Against Pound in Egypt

The US dollar stabilized against the Egyptian pound during trading on Monday, January 12, 2026, according to the latest data from government and private banks. Meanwhile, the pound continues to perform better, supported by a decrease in inflation and improvement in macroeconomic indicators. The dollar's movement is limited in a calm market, with the currency trading in a narrow price range. This follows a decline in the exchange rate of the dollar and other foreign and Arab currencies in some Egyptian banks at the end of trading on Sunday. Inflation is decreasing, and confidence is returning. The annual inflation rate in Egyptian cities stabilized at 12.3% in December, which boosted the purchasing power of incomes.