The exchange rate of the dollar against the Egyptian pound on Sunday, February 21, 2021, has stabilized in most banks, exchange companies and the Central Bank.
On the Website of the Central Bank of Egypt, the exchange rate of the dollar stabilized at 15.6069 pounds to buy and 15.7067 pounds for sale, the same as yesterday’s price.
The dollar price at The National Bank of Egypt (the largest government bank) was 15.59 pounds for purchase and 15.69 pounds for sale, the same rates as Bank of Egypt (the second largest government bank).
At CIB, Egypt’s largest private bank, the dollar recorded 15.60 pounds for purchase and 15.70 pounds for sale.
Egypt’s economic indicators are improving despite the Corona pandemic, amid a state of stability in the exchange market with the availability of foreign exchange.
The dollar is expected to fall against the pound in the coming days, with official data on the rise in remittances from Egyptians abroad despite the Corona pandemic.
Remittances from Egyptians working abroad rose significantly in 2020, representing strong support for the pound against the dollar.
The Central Bank of Egypt announced that the country received $27.1 billion in remittances from Egyptians working abroad from January to the end of November 2020.
Data from the Egyptian Central Agency for Public Mobilization and Statistics showed that consumer price inflation in Egyptian cities fell to 4.3% year-on-year in January, from 5.4% in December.
Eur and GBP prices
At the Central Bank, the euro against the pound exchange rate stabilized at 18.8282 pounds for purchase and 18.9517 pounds for sale, the same as yesterday..
The pound remained at 21.7389 pounds for purchase and 21.8810 pounds for sale.
Rial, dirham and dinar
Also at the Central Bank, the average exchange rate of the Saudi riyal in Egypt remained at 4.1610 pounds for purchase and 4.1878 pounds for sale.
The exchange rate of the UAE dirham settled at 4.2485 pounds for purchase and 4.2765 pounds for sale.
The average price of the Kuwaiti dinar remained at 51.5166 pounds for purchase and 51.9177 pounds for sale.