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Posted on: Wednesday, March 16, 2022 – 10:17 AM | Last update: Wednesday, March 16, 2022 – 10:17 AM
The dollar maintained its stability once morest the Egyptian pound at the beginning of trading today, Wednesday, for the sixth month in a row, in most banks operating in Egypt, as the price of the dollar was characterized by calm and stability, despite fluctuations in the exchange rate in most countries of the world, thanks to the economic reforms taken by the Central Bank With the support of the political leadership, which led to economic and political stability, which encouraged the attraction of foreign direct and indirect investments.
The rise in Egypt’s foreign exchange reserves is a strong reason for the stability of the money market and the price of the Egyptian pound once morest foreign currencies.
Banks in Egypt traded dollar prices between the range of 15.64 to 15.68 pounds for purchase and 15.74 to 15.76 pounds for sale, and the price of the dollar today reached the highest level for purchase in the National Bank of Kuwait, the Arab Investment Bank and Abu Dhabi Islamic Bank at the level of 15.68, and 15.76 pounds for sale.
And in the two largest Egyptian governmental banks in terms of the volume of assets and transactions, the National Bank of Egypt and Banque Misr – the price of the dollar stabilized to record 15.64 pounds for purchase, and 15.74 pounds for sale.
In private banks, the price of the dollar stabilized at the Commercial International Bank, Credit Agricole, HSBC and Bloom Egypt, to record 15.66 pounds for purchase, and 15.76 pounds for sale, and in Abu Dhabi Islamic Bank and the Arab International Bank, the price of the dollar for purchase reached 15.68 pounds for purchase, and 15.76 pounds for sale.
According to the Central Bank, the average market price in Egyptian pounds once morest the dollar is 15.66 pounds for purchase, and 15.75 pounds for sale.
In terms of the major currencies, the repercussions of the Russian-Ukrainian war are still casting a shadow on the international financial markets and banks. Today, the European currency varied between an increase in purchase of 3 piasters and a decrease in selling of 7 piaster.
In Banque Misr and Al-Ahly Bank, the largest government banks in Egypt, the European currency recorded 17.12 pounds for purchase, and 17.27 pounds for sale.
At the Commercial International Bank, the largest private sector bank in Egypt, it recorded 17.14 pounds for purchase, and 17.29 pounds for sale.
The average prices of the European currency at the Central Bank of Egypt traded at 17.21 pounds for purchase, 17.32 pounds for sale.
On the other hand, the price of the sterling pound increased by 2-5 piasters, following its decline yesterday by 3-11 piasters.
In Banque Misr and Al-Ahly Bank, the pound recorded 20.38 pounds for purchase, and 20.56 pounds for sale.
At the Commercial International Bank, it recorded 20.40 pounds for purchase, and 20.58 pounds for sale.
The average prices of the pound sterling in the Central Bank of Egypt traded at 20.45 pounds for purchase, and 20.58 pounds for sale.
As for Arab currencies, the price of the Saudi riyal is still stable in the National Bank and Banque Misr at 4.18 pounds for purchase, and 4.19 pounds for sale.
