Despite expectations of a decline in value Egyptian Pound Against the dollar, the exchange market is witnessing a state of stability despite the high demand for hard currencies due to the approaching season of the holy month of Ramadan and the increase in demand for the dollar to cover the import bill for goods that are in high demand during the holy month.
And the average price of the dollar in Egypt, according to the data of the Central Bank of Egypt, was regarding 15.66 pounds for purchase, and 15.77 pounds for sale. In banks, the average price of the dollar was regarding 15.66 pounds for purchase, and 15.76 pounds for sale.
The highest price for the dollar came at regarding 15.68 pounds for purchase, and 15.76 pounds for sale in Abu Dhabi Islamic Bank, Al-Ahly of Kuwait, and Arab Investment.
In the Commercial International Bank, Cairo, Alexandria, Al-Baraka, Bloom Egypt, Credit Agricole, HSBC, and Arab African, the dollar recorded a level of 15.66 pounds for purchase, and 15.76 pounds for sale.
While the price of the dollar in Al-Ahly Bank and Egypt recorded regarding 15.64 pounds for purchase, and 15.74 pounds for sale, which is the lowest price for the dollar in Egypt.
The average price of the European euro rose, according to the Central Bank of Egypt website, to regarding 17.23 pounds for purchase, and 17.37 pounds for sale. The average price of the pound sterling, regarding 20.50 pounds for purchase, and 20.6 pounds for sale.
In the Arab world, the average price of the Saudi riyal settled at regarding 4.17 pounds for purchase, and 4.20 pounds for sale. The average price of the UAE dirham remained stable at regarding 4.26 pounds for purchase, and 4.29 pounds for sale. While the average price of the Kuwaiti dinar rose to regarding 51.41 pounds for purchase, and 51.93 pounds for sale.
