The price of the Saudi riyal on the black market collapsed completely in today’s trading, Friday 2/23/2024, after the price of the dollar fell significantly on the black market immediately after the Egyptian government headed by Dr. Mostafa Madbouly announced yesterday, Thursday, an investment deal worth billions of dollars.
The price of the Saudi riyal on the black market today
The price of the Saudi riyal fell by 4 pounds at once, recording about 9.5 pounds, compared to 13.5 pounds in morning trading yesterday, Thursday, before the government announced an investment deal worth billions of dollars.
Details about the deal
At its meeting yesterday, headed by Dr. Mostafa Madbouly, the Council of Ministers approved the largest direct investment deal through an investment partnership with major entities, in light of the state’s current efforts to attract foreign direct investment and increase the state’s foreign exchange resources.
Dr. Mostafa Madbouly stated that this major investment deal, which is being carried out in partnership with major entities, achieves the state’s development goals, which were set by the National Strategic Plan for Urban Development, noting that this deal is the beginning of several investment deals, which the government is currently working on, to increase the state’s resources from Hard currency.
Today’s meeting to explain the details of the deal
Egyptian Prime Minister Mostafa Madbouly announced the signing of the major investment deal today, Friday.
Madbouly added that the signing will be followed by a press conference to explain the details of the deal at the Council of Ministers headquarters in the New Administrative Capital.
2024-02-22 23:19:04
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