The Saudi riyal has long been a symbol of Saudi Arabia’s economic strength. Its strength was represented in the stability it maintained over the long years, despite the global economic fluctuations. Like a tree that is deeply rooted in the soil, it remains steadfast in the face of storms. This is how the Saudi riyal is, steadfast in the face of challenges. The future looks bright for the Saudi riyal. Thanks to the Kingdom’s new strategies and Vision 2030, the economy is moving towards diversification and moving away from total dependence on oil. As they say, “diversity is strength,” and this is exactly the case with the Saudi riyal. With the diversification of income sources, the riyal will remain a symbol of stability and success in the Middle East.
In the world of economics, currencies remain one of the most watched. In current times, the price of the Saudi riyal against the Egyptian pound has aroused a lot of interest. On the black market, the riyal reached 10.40 pounds in terms of purchase, recording an increase of 2.16 pounds over its basic price. While its selling price reached 10.67 pounds, an increase of 2.43 pounds.
The price of the riyal in Egyptian banks
Abu Dhabi Islamic BankBuying price: 8.24 pounds, selling price: 8.25 pounds Al Ahli Bank of KuwaitBuying price: 8.23 pounds, selling price: 8.25 pounds Arab International BankBuying price: 8.22 pounds, selling price: 8.25 pounds HSBCBuying price: 8.22 pounds, selling price: 8.25 pounds Egyptian Central BankBuying price: 8.22 pounds, selling price: 8.26 pounds Bank of AlexandriaBuying price: 8.21 pounds, selling price: 8.25 pounds Egypt BankBuying price: 8.20 pounds, selling price: 8.23 pounds National Bank of EgyptBuying price: 8.20 pounds, selling price: 8.23 pounds Suez Canal BankBuying price: 8.19 pounds, selling price: 8.26 pounds Commercial International BankBuying price: 8.19 pounds, selling price: 8.25 pounds
And if you are wondering about the maximum amount that you can get from the Saudi riyal before traveling, Egyptian banks offer travelers to Saudi Arabia an opportunity to get up to 2000 riyals, while some of them offer up to 5000 riyals to their customers.
2023-08-21 12:06:15
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