Where Egypt's Banks Quoted the Dollar on 9 September

Egyptian banks updated their US dollar exchange rates on Wednesday 9 September 2026. The Central Bank of Egypt posted an indicative rate of EGP 51.14 for buying and EGP 51.27 for selling, the reference level for the domestic banking market.

Egypt's largest state lenders were closely matched. National Bank of Egypt and Banque Misr both quoted EGP 51.14 for buying and EGP 51.24 for selling. Banque du Caire was slightly higher at EGP 51.16 for buying and EGP 51.26 for selling.

Among private and specialised banks, Commercial International Bank quoted EGP 51.14/51.24; Credit Agricole Egypt posted EGP 51.12/51.22; United Bank quoted EGP 51.14/51.24. Al Baraka Bank had the lowest listed rates at EGP 51.10/51.20, while Alexandria Bank posted the highest levels in the list at EGP 51.17/51.27.

What the Bank-Level Rate Spread Shows

Why the quotes cluster around EGP 51.14–51.27

The named banks are tightly grouped, with only a 0.07 Egyptian pound difference between the lowest and highest selling rates. That suggests the Central Bank's indicative level is anchoring commercial bank pricing and that no single institution is repricing aggressively.

What the report does and does not show

The source describes the dollar as having risen, but it does not provide a previous-day comparison. Therefore the size of any move cannot be verified from the published figures; what is observable is the current spread across banks rather than a market shock.

Which banks sit at the edges

Al Baraka Bank offered the lowest selling rate at EGP 51.20, while Alexandria Bank had the highest at EGP 51.27. For a retail buyer, that is a narrow difference; for larger corporate or remittance flows, even small spread differences can become material.

Practical Points for Dollar Buyers in Egypt

  • Among the listed banks, Al Baraka had the cheapest dollar selling rate at EGP 51.20, while Alexandria Bank was the most expensive at EGP 51.27.
  • National Bank of Egypt, Banque Misr and CIB were grouped at EGP 51.14 for buying and EGP 51.24 for selling, making them comparable mid-range options.
  • Treat the Central Bank's EGP 51.27 selling figure as an indicative benchmark: commercial banks were mostly below that level, so actual branch quotes should be compared before exchanging larger amounts.