Egypt and global economy brief
Egyptian banking sector net foreign assets rise to $28.418bn in July 2026: CBE
✦Key takeaways
- The Central Bank of Egypt (CBE) said the banking sector’s net foreign assets rose to $28.418bn in July 2026, equivalent to EGP 1.454trn, compared with $27.965bn, equivalent to EGP 1.378trn, in June 2026.
- The US dollar exchange rate against the Egyptian pound stood at EGP 51.1934 in July, compared with around EGP 49.2763 in June.
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