settle down dollar price Half of today’s trading, Saturday 5 November 2022, in limited transactions with some banks and ATMs.
and provide “the week»For his followers to know all about dollar pricing, as part of an ongoing service he provides to his visitors in various fields, and you can follow by clicking here.
Dollar prices in Egyptian banks
The price of the dollar in Egypt today at the Central Bank was around 24.20 pounds for the purchase and 24.29 pounds for the sale.
The price of the National Bank of Egypt and Banque Misr is around £ 24 for the purchase and £ 24.10 for the sale.
The dollar price in Egypt today at Saib Bank is around 24.15 pounds for the purchase and 24.25 pounds for the sale.
The dollar price today at the Commercial International Bank (CIB) is around £ 24.18 for the purchase and £ 24.28 for the sale.
The price of the dollar against the Egyptian pound in the Bank of Alexandria is around 24.10 pounds for the purchase and 24.20 pounds for the sale.
The dollar price today against the Egyptian pound at EG Bank is around 24.20 pounds for the purchase and 24.30 pounds for the sale.
On October 27, 2022, the Egyptian government announced that it had reached an agreement to obtain $ 9 billion in loans, of which $ 3 billion from the International Monetary Fund, $ 1 billion from the Sustainability Fund and $ 5 billion from partner countries. for development, to finance the Egyptian budget.
This came after the Central Bank of Egypt issued a series of decisions last Thursday in October, most notably a 200 basis point (2%) interest rate hike, a flexible exchange rate system for the pound. with respect to foreign currencies, and a progressive cancellation of the provisions given on documentary credits in import financing transactions, as well as Developing the financial derivatives market to deepen the foreign exchange market.
The Monetary Policy Committee of the Central Bank decided, in an extraordinary meeting, to increase the interest rates on sight deposits and loans and the price of the main transaction of the central bank by 200 basis points to reach 13.25% respectively. , 14.25% and 13.75% and the credit and discount rate was increased by 200 basis points to 13.75%.
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