04:16 PM
Tuesday, November 19, 2024
Dina Karam wrote:
The price of the dollar rose against the pound by between a piaster and 12 piasters, in 10 banks, at the end of today’s trade, Tuesday, compared to its levels at the end of yesterday’s trade, Sunday, according to the exchange rates published on it. their websites.
Dollar prices in 10 banks at the end of trading today
National Bank of Egypt: 49.46 pounds to buy, and 49.56 pounds to sell, an increase of 11 piasters for buying and selling.
Banque Misr: 49.46 pounds to buy, and 49.56 pounds to sell, an increase of 11 piasters for buying and selling.
Banque du Caire: 49.47 pounds to buy, and 49.57 pounds to sell, an increase of 11 piasters for buying and selling.
International Commercial Bank: 49.49 pounds to buy, and 49.59 pounds to sell, an increase of 12 piasters for buying and selling.
Al Baraka Bank: 49.46 pounds to buy, and 49.56 pounds to sell, an increase of 11 piasters for buying and selling.
Suez Canal Bank: 49.49 pounds to buy, and 49.59 pounds to sell, an increase of 10 piasters for buying and selling.
Banca Credit Agricole: 49.49 pounds to buy, and 49.59 pounds to sell, an increase of 11 piasters for buying and selling.
Bank of Alexandria: 49.49 pounds to buy, and 49.59 pounds to sell, an increase of 11 piasters for buying and selling.
Housing and Development Bank: 49.35 pounds to buy, and 49.45 pounds to sell, up a penny for buying and selling.
Abu Dhabi Islamic Bank: 49.5 pounds to buy, and 49.59 pounds to sell, an increase of 9 piasters for buying and selling.
2024-11-19 14:16:00
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Inflation rates. Additionally, if the dollar remains strong for an extended period, it may affect the purchasing power of consumers in Egypt.
Great to have you with us today. Can you please introduce yourselves and share a little about your expertise in the field of currency exchange?
Guest 1: My name is John Smith, and I am an economist specializing in foreign exchange markets. I have over 15 years of experience analyzing currency trends and factors that influence exchange rates.
Guest 2: Hi, I’m Jane Doe, a financial journalist with a focus on the Middle East and North Africa region. I cover economic and financial news, including currency movements and trends.
Now, let’s dive into the topic of the day. According to the article, the price of the dollar rose against the pound in various banks across Egypt. Can you both share your insights on what might be causing this sudden increase?
Guest 1: Well, there could be several factors at play here. The first is the economic situation in Egypt itself. If the country is experiencing economic stability and growth, it increases the demand for foreign currencies like the dollar, which in turn drives up its value. Additionally, global events such as inflation or geopolitical tensions can also affect currency values, particularly if Egypt has close ties or trade relationships with those countries. Other factors such as interest rates and central bank policies can also impact exchange rates.
Guest 2: Yes, I agree with John. In addition to that, the recent decision by the US Federal Reserve to hike interest rates could also be playing a role in this increase. This often leads to an appreciation of the dollar as it becomes a safer investment option for investors looking for higher returns. Furthermore, the global energy crisis caused by the Russia-Ukraine conflict might have also contributed to this rise in the dollar’s value, as countries that import oil like Egypt are feeling the pinch and may be turning to dollar reserves to cope with the higher costs.
Moving on to the implications of this rise, do you think this is a positive or negative development for Egypt’s economy?
Guest 1: It can be tricky to determine the overall impact on Egypt’s economy, as there are both positive and negative elements. On one hand, a strong dollar can boost exports by making them more competitive. However, it can also lead to rising import costs, which could hurt local businesses and
