Due to the continuous fluctuations seen in the foreign exchange market, the price of Saudi Arabia represents a main focus in daily economic transactions, especially in Egypt. This is due to the deep economic and trade relations between the two countries, which makes the Saudi a currency with a significant impact on local economic activity. In this context, and after a period of rise and fall, the price of the Saudi Arabia settled in Egyptian banks today, Wednesday, November 14, 2024. In this article, we will discuss the details about the latest prices announced for the Saudi riyal , and to review the impact of this stability on the Egyptian economy, focusing on import, export and travel activities Regarding Hajj and Umrah, according to what was officially announced by the competent authorities.
today, the stock price of Saudi riyal
Today, the price of the Saudi riyal registered a remarkable stability in all banking transactions, according to data released by the Egyptian banks. The price of money in the Central Bank reached 13,145 pounds to buy and 13,108 pounds to sell. This stability reflects a balanced market situation, which helps to increase confidence among investors and citizens. Below are the prices of the Saudi riyal against some other foreign currencies:
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The price of the Saudi riyal against foreign currencies
- Emirati dirham: 1.0209 Saudi Riyal
- Bahrain Dinner: 9.9482 Saudi riyals
- Kuwaiti dinar: 12.1911 Saudi riyal
- Omani Riyal: 9.7402 Saudi riyals
- Ingo Algerian: 0.0281 Saudi Riyal
- Jordanian dinar: 5.2891 Saudi riyals
- Moroccan dirham: 0.3780 Saudi Riyal
- Libyan dinar: 0.7728 Saudi Riyal
- Turkish lira: 0.1090 Saudi Riyal
The relationship between the price of the Saudi riyal and its impact on the Egyptian economy
Saudi Arabia’s price stability is not limited to the financial aspect alone, but extends to include many other economic aspects. Here are the most obvious effects:
1. Import and export operations
Fluctuations in the price of Saudi Arabia directly affect the cost of goods imported from Saudi Arabia. An increase or decrease in the price of dirt could be reflected in the prices of products in the Egyptian market, affecting the purchasing power of citizens.
2. Hajj and Umrah trips
The cost of Hajj and Umrah is an important factor that affects the lives of many Egyptians. Any changes in the price of dirt could increase or decrease the cost of flights to Saudi Arabia, affecting the number of Umrah pilgrims and pilgrims from Egypt.
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3. Money transfers
The price of the series contributes to determining the value of financial transfers between Egyptians working in Saudi Arabia and their families in Egypt. Therefore, the stability of the price of the chain increases the stability of these movements, which contributes to improving the standard of living in some Egyptian families.
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2024-11-16 10:00:00
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