price record The dollar in Egypt new highs against the pound In trading this morning, Tuesday, Egyptian banks’ exchange rates ranged between 24.37 pounds as the highest exchange rate for the dollar, compared to around 24.30 pounds as the lowest exchange rate for the dollar.
According to recent declines, the Egyptian pound’s losses against the dollar have amounted to around 24% since the Central Bank of Egypt’s decision to switch to a permanently flexible exchange rate at the end of last October, and it has also fallen by nearly a year. 55% from the first float last March.
Read more: New losses for the Egyptian currency … and the dollar stabilizes above 24 pounds
Despite the continued bleeding, expectations indicate that the next period will see a stable state of the dollar, especially after the Egyptian government has begun to receive the financing package announced in recent days, amounting to 9 billion dollars, of which 3 billion. by the International Monetary Fund.
In the foreign exchange market, the highest dollar exchange rate was recorded with the Arab Investment Bank at £ 24.30 for the purchase, compared to around £ 24.35 for the sale.
In Abu Dhabi Islamic Banks and Misr Iran Development Bank, the dollar exchange rate rose to around £ 24.29 for the purchase, compared to around £ 24.35 for the sale.
The US Green Paper exchange rate at the Central Bank of Egypt rose to £ 24.28 for the purchase, compared to around £ 24.37 for the sale.
In 17 banks led by Mashreq and Ahli United Bank, the dollar exchange rate stood at £ 24.25 for the purchase, compared to around £ 24.35 for the sale.
Read more: Egypt’s foreign reserves rose by 213 million in October to $ 33.411 billion
The lowest dollar exchange rate at 4 banks led by the National Bank of Egypt and Banque Misr was £ 24.20 for the purchase, compared to around £ 24.30 for the sale.
At the level of other major currencies, the exchange rate of the European euro against the Egyptian pound rose at the beginning of today’s trading at the Central Bank of Egypt, to around 24.12 pounds for the purchase and 24.22 for the sale.
It also increased at the National Bank of Egypt and Banque Misr, to around £ 23.52 for the purchase and £ 24.16 for the sale.
The pound sterling exchange rate at the Central Bank of Egypt rose to around £ 27.53 for the purchase and £ 27.64 for the sale.
However, it fell in the National Bank of Egypt and Banque Misr to the level of £ 26.92 for the purchase and £ 27.59 for the sale.
In the Arab world, the exchange rate of the Saudi riyal against the Egyptian pound at the Central Bank fell to around 6.43 pounds for buying and 6.46 for selling.
While it has agreed with the National Bank of Egypt and Banque Misr, at the level of 6.42 pounds for the purchase and 6.45 pounds for the sale.
