04:46 PM Friday 08 March 2024
The price of the Saudi riyal
Written by Manal Al-Masry:
The price of the Saudi riyal rose during transactions in 5 banks by about 5 pounds in some of them during the first week of liberalizing the exchange rate – floating the pound – at the end of Thursday compared to the Thursday before last, according to data published on its website.
Last Wednesday, the Central Bank decided to liberalize the exchange rate, leaving the determination of the value of the pound against the rest of the foreign currencies to the supply and demand mechanism, with the aim of eliminating the exchange rate gap between the black market – the parallel market – and the banks.
In the following lines, Masrawy provides the following prices for buying and selling the Saudi riyal:
The price of the Saudi riyal in a week
National Bank of Egypt: 13.13 pounds to buy, an increase of 4.93 pounds, and 13.18 pounds to sell, an increase of 4.94 pounds.
Banque Misr: 13.14 pounds to buy, an increase of 4.94 pounds, and 13.17 pounds to sell, an increase of 4.93 pounds.
Banque du Caire: 13.11 pounds to buy, an increase of 4.91 pounds, and 13.18 pounds to sell, an increase of 4.93 pounds.
Commercial International Bank: 13.10 pounds to buy, an increase of 4.91 pounds, and 13.17 pounds to sell, an increase of 4.92 pounds.
Abu Dhabi Islamic Bank: 13.22 pounds to buy, an increase of 4.98 pounds, and 13.25 pounds to sell, an increase of 5 pounds.
2024-03-08 14:46:00
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