The price of the dollar today in Egypt with the Central Bank recorded regarding 19.36 pounds for purchase, and 19.46 pounds for sale, compared to 19.37 pounds for purchase, and 19.44 pounds for sale, according to the CBE bulletin.
The price of the dollar today in the National Bank of Egypt (the largest government bank) settled at 19.37 pounds for purchase, and 19.43 pounds for sale. The same price was repeated in Banque Misr.
The price of the dollar has not changed today in Egypt with the Commercial International Bank CIB, recording regarding 19.39 pounds for purchase, and 19.45 pounds for sale.
The Egyptian pound has lost 19 piasters once morest the dollar since the beginning of September, according to CBE data.
The Egyptians are waiting for the Central Bank of Egypt’s interest rate decision on September 22nd, a day following the US Federal Reserve issued its interest rate decision, which is expected to raise interest rates by 75 basis points to control inflation.
Investment bank Hermes research expected the Central Bank of Egypt to raise interest rates by 100 basis points (1%) during the next monetary policy committee meeting.
Standard Chartered Bank expected the dollar exchange rate in Egypt to move gradually, to rise to 20.75 pounds by the end of 2022.
On the path of providing hard currency resources, Egyptian Petroleum Minister Tarek El Molla said that his country aims to export $8.5-10 billion of gas in the current fiscal year 2022-2023.
Egypt exported $6.5 billion worth of gas in the last fiscal year, according to El Molla.
Egypt’s exports of natural and liquefied gas jumped by 406 percent in the 2021-2022 fiscal year, which ended last June, to reach $6.7 billion.
The price of the euro today in Egypt
The price of the euro jumped today in Egypt at the Central Bank to the level of 19.39 pounds for purchase, and 19.50 pounds for sale, compared to 19.34 pounds for purchase, and 19.42 pounds for sale yesterday, according to the Central Bank bulletin “cbe.org.eg”.
While the price of the euro varied today in Egypt at the National Bank of Egypt (the largest government bank), stable at the level of 19.26 pounds for purchase, and rising to the level of 19.49 pounds for sale, compared to 19.26 pounds for purchase, and 19.45 pounds for sale yesterday.
The price of the euro also varied today in Banque Misr, to trade at 19.26 pounds for purchase, and 19.49 pounds for sale, compared to 19.28 pounds for purchase, and 19.46 pounds for sale yesterday.
Also, the price of the euro varied today in Egypt at the CIB, as it fell to 19.28 pounds for purchase, and rose to 19.52 pounds for sale, compared to 19.30 pounds for purchase, and 19.48 pounds for sale.
Oil prices rise due to the decline in the dollar and concerns regarding supply
