The Egyptian market awaits the decision of the Central Bank of Egypt this evening, Thursday, regarding the interest rate, which is expected to be announced tonight. The continued appreciation of the dollar.
Last night the US Federal Reserve raised the dollar interest rate from 0.75% to 3.25%, and this decision is usually followed by most of the world’s banks raising interest rates on their currencies in an attempt. to prevent the deterioration in the value of their local currency, which is usually linked to the price of the dollar, as a global reserve currency.
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The decision to raise dollar interest rates in America often carries dollar price In the rest of the countries on the rise, the strength has increased dollarYesterday, Russian President Vladimir Putin announced a partial mobilization of the army, which led to the increase in the price of the “dollar” of the US currency to the highest level in the last 20 years, which significantly negatively affected the performance of global currencies .-
The world currency markets suffer from a state of instability in the other two months, for several reasons, including the continued increase in inflation in major world markets such as the United States, where the rate of inflation has reached record levels above 8, 3%, for the first time in 40 years, which forced the Bank The US Federal Reserve took violent measures to cope with inflation, driven by a series of decisions to increase interest rates on the dollar, which have damaged the value of most currencies linked to the value of the dollar, which has led to a large and often abrupt decline for most of these currencies, as well as to the continuous increase in inflation in each of the countries of the European Union and in China.
Most of the world’s economies are also suffering from the repercussions of the Ukrainian-Russian crisis on the global economy and the continued spread of the Corona virus in many places in the world, particularly in China, which has caused the return of closures in many industrial places in China, which has caused a severe supply crisis for most of the countries that depend on Chinese raw materials and industries.
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The prices of the US currency have seen a difference in buying and selling transactions during today’s exchanges in banks, as follows:
The price of the dollar in the Central Bank of Egypt
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19.43 EGP to buy.
19.53 pounds for sale.
The price of the dollar in the National Bank of Egypt
£ 19.44 to buy.
19.50 pounds for sale.
The price of the dollar in Banque Misr
£ 19.44 to buy.
19.50 pounds for sale.
The price of the dollar in the Bank of Alexandria
£ 19.46 to buy.
19.52 pounds for sale.
The price of the dollar in the Commercial International Bank
£ 19.46 to buy.
19.52 pounds for sale.
The price of the dollar in the Islamic bank of Abu Dhabi
19.49 EGP to buy.
19.52 pounds for sale.
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