Egyptian Pound exchange rates and Saudi deposit negotiations

Currency exchange rates in Egypt have shown fluctuations and stability across major banks. According to Central Bank of Egypt guidance, the US Dollar was recorded at approximately 53.04 EGP for purchase and 53.18 EGP for sale on October 15, 2026. By October 17, 2026, the dollar showed stability following the weekend bank holiday, with Abu Dhabi Islamic Bank offering the highest rates at 53.55 EGP for purchase and 53.65 EGP for sale. The Central Bank average stood at 53.41 EGP for purchase and 53.54 EGP for sale.

In parallel, Egypt is engaged in negotiations with Saudi Arabia regarding the renewal of deposits worth $5.3 billion held at the Central Bank of Egypt. These deposits are due for maturity in October 2026. Discussions are ongoing to determine the duration of the new renewal period as part of the continued economic cooperation between Cairo and Riyadh, which saw trade exchange reach approximately $18 billion in 2025.