{"id":670465,"date":"2025-08-20T00:00:00","date_gmt":"2025-08-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/20\/after-weeks-in-the-green-the-egp-starts-slipping-against-the-usd\/"},"modified":"2025-08-20T00:00:00","modified_gmt":"2025-08-20T00:00:00","slug":"after-weeks-in-the-green-the-egp-starts-slipping-against-the-usd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/20\/after-weeks-in-the-green-the-egp-starts-slipping-against-the-usd\/","title":{"rendered":"After weeks in the green, the EGP starts slipping against the USD"},"content":{"rendered":"

The USD has rebounded against the EGP<\/strong>, in an attempt to claw back some of its losses after a few weeks of steady declines. The USD was changing hands at EGP 48.40-48.50 at state and private banks by the end of yesterday\u2019s trading.<\/p>\n

These fluctuations \u2014 whether upward or downward \u2014 are normal<\/strong>, driven by the use of FX flows to meet investor demand, as well as the usual volatility of hot money outflows from the country, two banking sources told EnterpriseAM.<\/p>\n

It all comes down to supply and demand: <\/strong>This EGP-USD exchange rate is influenced by the balance of the supply and demand for the USD. When FX flows into the local market increases, the exchange rate tends to fall, while when investor demand for the greenback rises, the exchange rate tends to rise.<\/p>\n

This rebound of the USD could be linked to the recent loosening of FX restrictions<\/strong>, which resulted in the use of USD surpluses to meet importers\u2019 requests for production, our sources noted. Lifting restrictions on using credit cards abroad and the reduction of currency conversion fees also contributed to the greenback\u2019s rise, sources added.<\/p>\n

REFRESHER-<\/strong> Last week, several lenders slashed<\/a> fees and loosened restrictions that were meant to dampen demand for foreign currency used by travelers and credit card users. The measures included letting customers consume as much as USD 10k for purchases outside of the country and decreasing the markup fees on FX transactions to 3% from 5%.<\/p>\n

The USD-EGP exchange rate is expected to remain volatile<\/strong>, as the greenback is likely to recover its losses with the expected decline in seasonal tourism at the end of the month, according to our sources.<\/p>\n

For more on the recent exchange rate moves<\/strong>, read our previous coverage here<\/a> and here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

A spike in USD demand after easing FX restrictions could be behind the dip<\/p>\n","protected":false},"author":1,"featured_media":670466,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12144],"tags":[104,6637,72,1666],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-670465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egp-watch","tag-economy","tag-egp-watch","tag-enterpriseam","tag-exchange-rate","wpautop","entry"],"acf":{"mongo_id":"09abba71-2b1c-45f6-adb2-689d78d9c2db","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/145.jpg","photo_position":"above","homepage_title":"","full_issue_title":"After weeks in the green, the EGP starts slipping against the USD","related_issue":[670457],"teaser":"A spike in USD demand after easing FX restrictions could be behind the dip","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.8f6f61f3-db63-493e-8849-90c3d5c7f135.mp3"},"yoast_head":"\nAfter weeks in the green, the EGP starts slipping against the USD - 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The spread between most EGP treasury bills and\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/355.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598549,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/egypt-could-lower-discounted-customs-exchange-rate-to-egp-15-on-1-june\/","url_meta":{"origin":670465,"position":4},"title":"Egypt could lower discounted customs exchange rate to EGP 15 on 1 June","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"The government could slash the discounted customs exchange rate to EGP 15 from EGP 16 from 1 June on the back of the recent strengthening of the EGP against the greenback, an anonymous official told Youm7. The EGP hit fresh two-year highs against the greenback last week, breaking the EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550466,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/30\/icymi-taweem-3-0-imf-loan-rate-hike-and-more\/","url_meta":{"origin":670465,"position":5},"title":"ICYMI: Taweem 3.0, IMF loan, rate hike, and more","author":"enterpriseam admin","date":"30 October 2022","format":false,"excerpt":"What the [redacted] happened on Thursday? The Central Bank of Egypt (CBE) at the end of last week went ahead with a series of measures to restore liquidity to the FX market and revive investor confidence in the economy \u2014 and topped it off by announcing a USD 3 bn\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/369.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=670465"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670465\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/670457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/670466"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=670465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=670465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=670465"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=670465"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=670465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}