The agency explained that this positive trend in the national currency has been supported by several key factors, including an increase in foreign direct investment inflows, a rise in foreign currency reserves at the Central Bank, and growth in portfolio investments.
Global credit rating agency Fitch commended the recent performance of the Egyptian pound against the US dollar, noting that the currency’s marked improvement reflects greater stability in the country’s economic conditions.
The agency explained that this positive trend in the national currency has been supported by several key factors, including an increase in foreign direct investment inflows, a rise in foreign currency reserves at the Central Bank, and growth in portfolio investments.
Fitch projected that the Egyptian pound will remain stable in the near term, reducing the risk of exchange rate volatility against the dollar and offering importers and international companies operating in Egypt greater clarity and more predictable planning horizons.
The report further highlighted that sustained stability would help boost investor confidence in the Egyptian economy, support government plans to attract additional foreign investment, and provide a safer economic environment for both domestic and international businesses.
According to the latest figures from the National Bank of Egypt (NBE), the US dollar strengthened marginally against the Egyptian pound at the start of trading on Sunday, September 21, 2025.
The buying price was quoted at LE 48.14, compared to LE 48.09 at the close of trading on Thursday, reflecting a modest increase of five piasters as the new week commenced.
