The dollar exchange rate at local banks rose by between 36 and 39 piastres at the close of trading on Monday, September 28, 2026, climbing back above 52 pounds. At National Bank of Egypt and Banque Misr, the dollar rose by 36 piastres to 52.02 pounds for buying and 52.12 pounds for selling, compared with 51.66 pounds for buying and 51.76 pounds for selling at the close of the previous session.
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The dollar exchange rate at local banks rose by between 36 and 39 piastres at the close of trading on Monday, September 28, 2026, topping the 52-pound level.
The dollar rose by 36 piastres at National Bank of Egypt and Banque Misr, reaching 52.02 pounds for buying and 52.12 pounds for selling, compared with 51.66 pounds for buying and 51.76 pounds for selling at the close of trading the previous day.
The Iranian rial continued its collapse against the dollar, hitting a record low of around 2.7 million rials per dollar and losing more than 80% of its value since the start of 2026.
The Iranian rial continues to fall to record lows despite a $2 billion injection to support it, after losing more than half its value over the past year amid inflation exceeding 70% and pressure from sanctions and the US blockade.
Iranian platforms have begun implementing central-bank instructions to halt Tether-rial trading from 9 p.m. to 9 a.m. and impose a daily purchase cap of 2,000 units per user, alongside a ban on bank financing for cryptocurrency purchases.
The Central Bank of the UAE and the Central Bank of Egypt renewed a currency swap agreement between the UAE dirham and the Egyptian pound with a nominal value of 5 billion UAE dirhams, equivalent to 69 billion Egyptian pounds, for five years.
