Limited inflows of hot money in Egypt despite the strong gains of the pound.

Limited Hot Money Flows in Egypt Despite Strong Pound Gains

Recent transactions in Egypt’s secondary government debt market revealed a modest net purchase of only $26 million by Arab and foreign investors on Wednesday. This figure marks a significant decline compared to the robust inflows of $901 million observed on Tuesday.

Financial Flows in June

According to data from the Egyptian Stock Exchange, net purchases by Arab and foreign investors reached approximately $8.76 billion in June. Additionally, hot money inflows totaled $11.66 billion during the second quarter of 2026, contributing to a cumulative $11.6 billion since the start of the year. These financial movements have bolstered the Egyptian pound against the U.S. dollar, which fell by 5.8% in June. However, the dollar remains about 2% higher compared to its closing value at the end of 2025.

Dollar Prices in Egyptian Banks

Dollar prices varied across Egyptian banks. Next Bank reported the highest rate at 49.18 EGP for buying and 49.28 EGP for selling. In contrast, banks such as Faisal Islamic, Abu Dhabi Commercial, and Commercial International offered the lowest rates at 49.00 EGP for buying and 49.10 EGP for selling.

Major banks like National Bank of Egypt and Bank of Egypt set their rates at 49.08 EGP for buying and 49.18 EGP for selling. The Central Bank of Egypt announced a rate of 49.06 EGP for buying and 49.19 EGP for selling.

Challenges Facing the Egyptian Pound

Despite the gains made by the Egyptian pound, the dollar touched its lowest level in mid-February at 46.85 EGP. However, it surged in April amid rising regional tensions, reaching 54.78 EGP. This situation highlights the ongoing challenges facing the Egyptian economy in the current global climate.

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