Dollar stable against Egyptian pound in banks on Sunday

The US dollar remained stable against the Egyptian pound at the start of trading on Sunday, November 8, 2026, staying below the 54-pound threshold in most banks operating in Egypt's banking market. The Central Bank of Egypt recorded the dollar at 53.87 pounds for buying and 54.01 pounds for selling. Other banks showed similar levels, with the Commercial International Bank (CIB) at 53.80 pounds buying and 53.90 pounds selling, while Bank of Alexandria reported 53.77 pounds buying and 53.87 pounds selling. The stability comes as traders monitor for any exchange rate changes, with prices varying slightly between banks based on individual pricing mechanisms. The dollar's value is closely watched due to its direct impact on import costs and domestic product prices.