It reaches record numbers for the first time. The exchange rate of the Saudi riyal against the Egyptian pound is recorded at 12 pounds in exchange companies and currency dealers in the Kingdom today, in light of the discrepancies in prices in all currencies in the Egyptian market, as green rises for the third time since the end of 2022, which increased the gap between the pound and currencies. Foreign affairs, which increased the anxiety of the Egyptian street, and everyone is wondering about the end of this wave, and will the market return to stability again or not? The truth is that this is a question that baffles economists, and the search is still going on for an answer…
A significant decline in the exchange rate of the pound
The pound is falling, declaring a fall and a knockout loss against the US dollar, and according to what Refinitiv issued, the Egyptian pound fell against the US dollar, to record 32 pounds per dollar.
According to Reuters and its recent reports, Reuters announced that the devaluation of the pound is a clear matter for everyone, especially after Banque Misr and the National Bank announced offering savings certificates with an annual interest of 25%, which means devaluing the pound.
The price of the dollar in Egypt today
- Al-Akhdar continues to rise against the Egyptian pound, to register at the National Bank 29.75 for purchase, and the selling price recorded 29.80 pounds.
- The price of the dollar in Banque Misr recorded 32 pounds for purchase, while the selling price was 32.10 pounds.
- The price of the dollar in Abu Dhabi Islamic Bank reached 31.80 pounds for purchase, while the selling price reached 32.90 pounds.
The price of the Saudi riyal against the pound today
- The price of the riyal recorded 8.55 pounds for purchase, while the selling price is 8.59 pounds.
- The price of the Saudi riyal against the Egyptian pound in exchange companies inside the Kingdom for Egyptians was 12 pounds.
