The price of the dollar recorded, at the beginning of trading today, Thursday, 18.32 pounds in 8 banks, and in the following report, we review the price of the dollar today once morest the pound in 10 banks operating in the Egyptian market.
Dollar rates today
The National Bank of Egypt: 18.32 pounds for purchase, and 18.42 pounds for sale, down 11 piasters.
Banque Misr: 18.32 pounds for purchase, and 18.42 pounds for sale, down 11 piasters.
Bank of Alexandria: 18.32 pounds for purchase, and 18.42 pounds for sale, a decrease of 13 piasters.
Banque du Caire: 18.32 pounds for purchase, and 18.42 pounds for sale, a decrease of 13 piasters.
Commercial International Bank: EGP 18.32 for buying, and EGP 18.42 for selling, down 13 piasters.
Arab African International Bank: EGP 18.32 for buying, and EGP 18.42 for selling, down 13 piaster.
Al Baraka Bank: EGP 18.32 for buying, and EGP 18.42 for selling, down 13 piasters.
Suez Canal Bank: 18.32 pounds for purchase, and 18.42 pounds for sale, down 13 piasters.
Credit Agricole Bank: 18.45 pounds for purchase, and 18.55 pounds for sale.
Abu Dhabi Islamic Bank: 18.48 pounds to buy and 18.55 pounds to sell.
Bank interest rate hike
The exchange rates of the dollar rose by regarding two pounds once morest the Egyptian pound, following the decision of the Monetary Policy Committee of the Central Bank of Egypt, in its extraordinary meeting on Monday, to raise the rates of the overnight deposit and lending rates and the price of the main operation of the central bank by 100 basis points to reach 9.25%, 10.25% and 9.75 %, Respectively. The credit and discount rate was also raised by 100 basis points to 9.75%.
It is noteworthy that over the past period, the Egyptian economic reform program succeeded in achieving many gains, foremost of which is raising the efficiency of Egypt’s macroeconomic indicators, which paved the way for facing any challenges and economic turmoil that may arise as a result of external factors mainly, as the gains of the economic reform program had a great impact on Protecting the economy from excessive volatility and crises, and the structural reforms adopted by the Central Bank and the Egyptian government have also helped in introducing exceptional economic measures and stimulus packages over the past two years with the aim of providing support to citizens and easing the burden on them during the Corona virus crisis.
