The rise and fall of the Egyptian pound imposes its dominance against three Arab currencies today, and a strong return of the pound

2023-08-14 16:20:04

Currencies, with all their complexities and effects, play a vital role in every nation’s economy. We may notice that there are sharp changes in the prices of Arab currencies from time to time, especially in light of the changing economic conditions facing the region. For today, we witnessed remarkable fluctuations in some Arab currencies compared to the Egyptian pound.

Recent changes in Arab currencies

Kuwaiti dinar: Perhaps it is one of the strongest Arab currencies, but in recent times it has witnessed some fluctuations. As its price decreased today to 99.35 pounds for purchase and 100.33 pounds for sale. Saudi riyal: It is known for its relative stability, and it remained stable at 8.20 pounds for buying and 8.23 ​​pounds for selling. Emirati dirham: Minor fluctuations, reaching 8.39 pounds for buying and 8.40 pounds for selling. Bahraini dinar: This time, it witnessed a slight increase, reaching 79.46 pounds for buying and 81.85 pounds for selling. Qatari riyal: It settled at 7.80 pounds for buying, with a big difference when selling, as it reached 8.48 pounds. Jordanian Dinar: Here, we witnessed a significant decline, reaching 42.77 pounds for buying and 43.57 pounds for selling.
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