In the world of economics and finance, the exchange rate is a crucial factor that affects the decisions of investors and consumers alike. In this context, the importance of the Saudi riyal and its relationship with the Egyptian pound is highlighted for many reasons, including the economic and trade relations between Egypt and Saudi Arabia.
Recently, the stability of the price of the Saudi riyal against the Egyptian pound drew attention, as it remained stable during the day. This stability reflects a balance in the financial relations between the two currencies, and provides a favorable environment for trade and investment between the two countries.
Exchange rates in Egyptian banks and the black market
The exchange rates of the Saudi riyal vary in banks operating in Egypt. These prices vary slightly between banks, such as the National Bank of Egypt, Banque Misr, and Commercial International Bank (CIB), which reflects the competitiveness of the Egyptian market and provides multiple options for customers. The Central Bank of Egypt played a pivotal role in stabilizing the price of the Saudi riyal, as the bank works to monitor movements in the market. And intervene when necessary to ensure price stability and market balance.
Mention should be made of the black market, where exchange rates can differ significantly from official banks. This indicates that there are challenges facing the Egyptian market in the field of foreign exchange regulation.
| the bank | Purchasing price | selling price |
|---|---|---|
| National Bank of Egypt | 8.19 pounds | 8.22 pounds |
| Egypt Bank | 8.19 pounds | 8.22 pounds |
| Cairo Bank | 8.19 pounds | 8.25 pounds |
| Commercial International Bank (CIB) | 8.18 pounds | 8.25 pounds |
| Egyptian Central Bank | 8.22 pounds | 8.25 pounds |
| Al Ahli Bank of Kuwait | 8.23 pounds | 8.25 pounds |
| Black market | 13.3 pounds | 13.56 pounds |
2023-11-24 12:59:57
#latest #price #Saudi #riyal #today #Egyptian #pound #banks #black #market #rise #price #gold #Sada #Khaleej
