The UAE, thanks to its innovative and smart economic strategies, has become one of the main destinations for investors from all over the world. In this context, the UAE has always sought to enhance the strength of the dirham and the market’s confidence in it. The dirham enjoys relative stability compared to some other currencies, and this reflects the strength of the UAE economy and the UAE economy does not depend solely on oil, as some believe. Rather, the UAE has a multifaceted strategy to enhance its economic strength, including focusing on innovation and developing various sectors such as tourism and technology. These developments lead directly to strengthening the dirham and making it more attractive to investors.
The new appointment of Hassan Abdullah as governor of the Central Bank by Egyptian President Abdel Fattah El-Sisi is crucial news. But the question is, how did this appointment affect the stability of the Emirati dirham against the Egyptian pound?
The price of the dirham in Egyptian banks
Bank of Alexandria: The level of 8.38 pounds for buying, and 8.42 pounds for selling. Faisal Islamic Bank: The level of 8.36 pounds for buying, and 8.39 pounds for selling. Commercial International Bank: The level of 8.38 pounds for buying, and 8.42 pounds for selling. Qatar National Bank QNB: The level of 8.37 pounds for buying, and 8.42 pounds for selling. Credit Agricole Bank: The level of 8.38 pounds for buying, and 8.42 pounds for selling. Egyptian Gulf Bank: The level of 8.38 pounds for buying, and 8.42 pounds for selling. Positions of the National Bank of Egypt: On the other hand, the National Bank of Egypt, one of the largest banks in Egypt, recorded the price level of the dirham at 8.37 pounds for purchase and 8.39 pounds for sale. A look at Banque Misr: The figures at Banque Misr showed similar stability, with a level of 8.37 pounds for buying and 8.39 pounds for selling.
2023-08-19 18:57:25
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