The price of the euro fell today in Egypt, during the start of trading on Thursday 3 November 2022 at the Central Bank and commercial banks operating in Egypt.
7 days ago, precisely Thursday 27 October 2022, the Central Bank of Egypt announced the revocation of the interest rate On the pound at the rate of 200 basis points (2%), it also announced the application of the flexible exchange rate on the pound, so that its price becomes linked to the movement of supply and demand in the currency market, and not to the decisions of the Monetary Policy Committee of the Central Bank of Egypt.
The price of the euro fell in Egypt today after rising dollar priceafter an announcement United States Federal Implement a fourth consecutive 0.75% federal funds hike to bring the dollar interest rate to 4% in an attempt to cope with the high inflation that registered 8.2% last September.
The demand for euros is declining at the current time of the year, due to the drop in the number of import messages from European countries at the end of the year.
The price of the euro today in Egypt
The price of the euro fell today in Egypt at the Central Bank during the morning of Thursday 3 November 2022, falling to the level of 23.86 pounds for the purchase and 23.96 pounds for the sale, against 23.98 for the ‘purchase, and £ 24.09 on sale, at the close of trading yesterday, Wednesday.
The price of the euro today in the National Bank of Egypt
The price of the euro rose today at the National Bank of Egypt (the largest government bank) to reach the level of 23.69 pounds for the purchase and 23.85 pounds for the sale, compared to 23.98 pounds for buying and selling 24.09 at the end of trading yesterday, Wednesday.
And the price of the euro today in Banque Misr, during trading on Thursday morning, November 3, marked around 23.71 pounds for the purchase and 23.97 for the sale.
The price of the euro today at the CIB
The euro’s price against the Egyptian pound today at Commercial International Bank CIB on Thursday morning reached around 23.72 pounds to buy and 23.89 to sell.
And the price of the euro today in the Bank of Alexandria marked around 23.76 pounds for the purchase and 23.95 pounds for the sale.
The price of the euro against the Egyptian pound at Saib Bank was around 23.84 pounds for the purchase and 24.01 pounds for the sale.
EG Bank screens showed the euro price today in Egypt at 23.83 pounds for the purchase and 24.04 pounds for the sale.
“After the Fed’s decision” .. Find out the price of the dollar today, Thursday, November 3, 2022
