In a surprise that confused the Egyptian street and sparked a widespread wave of anxiety, the US dollar and the Saudi riyal recorded a new jump against the Egyptian pound during today’s trading, Monday, December 1, 2025, amid a state of anticipation and apprehension about the continuation of the unprecedented wave of rise in foreign currencies.
The US dollar reaches new levels
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Despite the market’s attempts to maintain a state of relative calm, the price of the dollar continued to put pressure on the pound, recording at the Central Bank 47.58 pounds for purchase and 47.71 pounds for sale. As for major banks such as Al Ahly and CIB, the price reached 47.6 pounds to buy and 47.7 pounds to sell, while Abu Dhabi Islamic Bank recorded the highest price at 47.67 to buy and 47.77 to sell, which experts considered a continuation of an upward trend that may open the door to higher levels in the coming weeks.
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The prices in the rest of the banks were as follows:
Bank of Alexandria: 47.55 buy – 47.65 sell
Al Baraka Bank: 47.55 buy – 47.65 sell
Suez Canal Bank: 47.6 buy – 47.7 sell
The Saudi riyal also surprises the Egyptian market
In conjunction with the rise of the dollar, the Saudi riyal rose to record at the Central Bank 12.68 pounds for purchase and 12.72 pounds for sale, while the major banks maintained high prices approaching the same ceiling.
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The most prominent prices are as follows:
National Bank of Egypt: 12.65 buy – 12.72 sell
Banque Misr: 12.65 buy – 12.72 sell
Banque du Caire: 12.65 buy – 12.72 sell
Bank of Alexandria: 12.67 buy – 12.70 sell
Faisal Islamic Bank: 12.64 buy – 12.71 sell
Shock in the Egyptian street and fear of what comes next
This simultaneous rise of the dollar and the riyal against the pound sparked a state of astonishment among citizens, especially with the approaching season of travel for Umrah and the increase in demand for foreign currencies, which portends more movements during the coming period.
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As inflationary pressures and market fluctuations continue, Egyptians are waiting to see whether the pound will be able to withstand, or whether foreign currencies will continue their march towards new record levels.
