Wednesday 07/January/2026 – 04:59 AM
Today, Wednesday, January 7, 2026, Egyptian banks will witness an official holiday on the occasion of Christmas, based on the Central Bank’s decision to suspend work in all banks operating in Egypt. As a result of this official suspension, the exchange rate of the Kuwaiti dinar against the Egyptian pound maintained the levels recorded at the close of trading yesterday, Tuesday, where it stabilized. Selling price in major government banks Such as the National Bank of Egypt and Banque Misr at 154.14 pounds, amid expectations that this calm will continue until the resumption of official work tomorrow morning, Thursday.
This stability in the exchange market coincides with positive macroeconomic indicators. The Central Bank has succeeded in enhancing net international reserves to reach $51.451 billion by the end of 2025. This strong reserve enhances the local currency’s ability to withstand fluctuations, especially with the increase in foreign cash flows resulting from major investment deals and the noticeable improvement in the dynamics of the Egyptian market, which gives the pound greater flexibility against Arab and foreign currencies at the beginning of the new year.
Varying bank purchase rates and market expectations for 2026
At the commercial bank level, purchase prices for the Kuwaiti dinar recorded a slight variation before closing for the holiday, as the purchase price at the National Bank and Banque Misr reached about 152.51 pounds, while it recorded higher levels at the Arab International Bank at 153.76 pounds.
At the same time, the official US dollar exchange rate stabilized at 47.19 pounds for purchase and 47.33 pounds for sale, which reflects a state of general balance in exchange rates, with basic financial services available through ATMs and digital platforms of banks during the holiday.
Economic reports for 2026 indicate that improved foreign exchange resources, supported by major Arab investments and a decline in inflationary pressures, paves the way for long-term stability in the exchange rate of the dinar and other major currencies.
It is expected that the markets will witness normal movement as employees return to their offices on Thursday, with careful monitoring of any movements that may occur in global exchange rates and their direct impact on remittances from Egyptians abroad and the trade movement with the Gulf countries.
