| Bank | Purchase price (pounds) | Selling price (pounds) |
|---|---|---|
Prices of Arab and foreign currencies against the Egyptian pound
Currency rates today, Monday 11-11-2024, against the Egyptian pound in National Bank of Egyptwhich came as follows:
Dollar price today
- 49.18 pounds to buy.
- 49.28 pounds for sale.
today, stock price Euro
- 52.63 pounds to buy.
- 52.86 pounds for sale.
The price of the British pound today
- 63.43 pounds to buy.
- 63.69 pounds for sale.
Saudi Arabia
today, the stock price of Saudi riyal
- 13.06 pounds to buy.
- 13.12 pounds for sale.
Today, the stock price of Kuwaiti dinar
- 159.51 pounds to buy.
- 160.68 pounds for sale.
UAE Dirham price online
- 13.37 pounds to buy.
- 13.41 pounds for sale.
The price is the Qatari riyal
- 12.48 pounds to buy.
- 13.51 pounds for sale.
Read also: Sudanese pound price against Egypt today, Monday, November 11, in banks
Information about the last meeting of the Central Bank
The Monetary Policy Committee announced At the Central Bank of EgyptDuring their meeting last month, they decided to keep key interest rates unchanged.
The overnight deposit and lending rates remained at 27.25% and 28.25%, respectively, while the bank’s main trading rate remained at 27.75%, with credit and discount rates steady at 27.75%.
This decision came after a review of economic developments at local and global levels, as the Central Bank explained that the world economy is seeing a slight decline in inflation rates due to the limited monetary policies that developed countries and emerging countries.
However, fluctuations in commodity prices, especially energy, remain a threat to price stability due to geopolitical turmoil and difficult weather.
The growth of the Egyptian economy
Domestically, Egypt’s economic data showed a modest growth of 2.4% in the second quarter of 2024, compared to 2.2% in the first quarter.
This development is due to the contribution of the non-petroleum industries, the construction and trade sectors to the domestic product. Initial signs also indicated a gradual recovery in economic activity, expected to peak by 2025/2026.
In terms of annual inflation rates, they stood at 26.4% for general inflation and 25.0% for core inflation in September 2024, as non-food products were the main reason for the increase in inflation in the past months as a result on government measures to control finance. conditions.
In light of this data, the Committee considered retaining… Interest rates No change is the best option, indicating that it will continue to monitor economic developments and make appropriate decisions to support price stability in the medium term.
2024-11-11 08:41:00
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