The price of the European euro fell today in Egypt, by two piasters, in trading on Tuesday, March 29, 2022, in banks and exchange companies.
The Egyptian pound lost regarding 15.71% of its value once morest the European euro at the beginning of Tuesday’s trading in the Egyptian banking market, since the Central Bank of Egypt raised the interest rate on March 21, and corrected the price of the Egyptian pound.
The price of the euro today in Egypt
The average price of the European euro decreased, according to the Central Bank of Egypt website, to regarding 20.03 pounds for purchase, and 20.15 pounds for sale, compared to regarding 20.05 pounds for purchase, and 20.17 pounds for sale, yesterday.
According to a survey of “Al-Ain News” on prices in 23 banks, the average price of the European currency recorded regarding 19.79 pounds for purchase, and 19.99 pounds for sale.
The highest price for buying the euro came, at regarding 20.06 pounds for purchase, at the Arab Investment Bank.
The highest price for selling the euro came at the Arab Investment Bank, at regarding 20.24 pounds for sale.
While the euro recorded in Al-Ahly Bank of Egypt and Egypt, regarding 19.99 pounds for purchase, and 20.20 pounds for sale, which is the lowest price for the euro in Egypt.
Maersk chooses Egypt to produce green hydrogen
Egypt signed a memorandum of understanding with Maersk for the production of green fuel for bunkering supplies in the Suez Canal Economic Zone.
On Monday, Egyptian Prime Minister Mostafa Madbouly witnessed the signing of a memorandum of understanding between the General Authority for the Economic Zone of the Suez Canal, Egypt’s Sovereign Fund, the New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, and Maersk International; This is regarding the establishment of a project to produce green fuels for ship bunkering supplies and to achieve zero carbon emissions.
The signing of this memorandum comes within the framework of the Egyptian state’s targeting of clean energy projects, which it is working to implement in conjunction with Egypt’s hosting of the 27 COP climate summit next November, where it is scheduled to implement projects for the production and use of green methanol and green ammonia, especially in the energy sector. Ship catering, thanks to Egypt’s distinguished location and unique ingredients that make it a leader in these sectors.
The Prime Minister stressed that the Egyptian state, under the leadership of President Abdel Fattah El-Sisi, continues to strive to expand in the field of clean energy and its uses, by providing the necessary support in this field, while placing green fuel projects on its list of priorities, and pushing for the implementation of these projects as one of the pillars of the state’s strategy Towards the localization of the green fuel industry.
Dollar and sterling prices today in Egypt
The average price of the dollar in Egypt, according to the data of the Central Bank of Egypt, rose to regarding 18.27 pounds for purchase, and 18.37 pounds for sale, compared to regarding 18.26 pounds for purchase, and 18.36 pounds for sale, yesterday.
While the average price of the pound sterling fell in the banking market, according to the Central Bank of Egypt, to regarding 23.96 pounds for purchase, and 24.10 pounds for sale, compared to regarding 24.08 pounds for purchase, and 24.22 pounds for sale, yesterday.
The prices of the riyal, dirham and dinar today in Egypt
The average price of the Saudi riyal, according to the Central Bank of Egypt website, rose to regarding 4.87 pounds for purchase, and 4.90 pounds for sale, compared to regarding 4.86 pounds for purchase, and 4.89 pounds for sale, yesterday.
While the average price of the Emirati dirham, in the banking market, according to the Central Bank of Egypt, recorded regarding 4.97 pounds for purchase, and 5.00 pounds for sale, compared to regarding 4.97 pounds for purchase, and 4.99 pounds for sale, yesterday.
While the average price of the Kuwaiti dinar, according to the Central Bank of Egypt website, was regarding 59.92 pounds for purchase, and 60.41 pounds for sale, compared to regarding 60.01 pounds for purchase, and 60.36 pounds for sale, yesterday.