The exchange rate of the euro in Egypt fell against the pound on Tuesday , March 2, 2021, by 3 pts in banks and exchange companies.
On Tuesday, the euro exchange rate on the central bank’s website was 18.8773 pounds for purchase, and about 19.0024 pounds for sale.
At the National Bank of Egypt (the largest government bank), the euro exchange rate against the pound was 18.8374 pounds for purchase and 19.0712 pounds for sale.
The exchange rate of the euro against the pound in the Bank of Egypt (government) was about 18.8681 pounds for purchase, and 19.1776 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 increase in Egypt’s cash reserves was supported by the strength of the local currency against the greenback, as well as the stability of the money market and the absence of the parallel market.
Egypt’s foreign exchange reserves continued its eighth-month ascent, after being affected by the repercussions of Corona for three months.
Egypt’s central bank announced a rise in the country’s foreign exchange reserves to $40.101 billion in January.
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.
Dollar and GBP prices
The dollar price against the Egyptian pound on the central bank’s website was about 15.6775 pounds for purchase, and 15.7775 pounds for sale.
The price of sterling against the Egyptian pound on Tuesday was 21.8482 pounds for purchase, and 21.9923 pounds for sale.
Prices of rial, dirham and dinar
The price of the Saudi riyal on Tuesday on the central bank’s website was about 4.1799 pounds for purchase, and about 4.2068 pounds for sale.
The price of the UAE dirham in early trading on Tuesday was 4.2677 pounds for purchase, and 4.2958 pounds for sale.
The Kuwaiti dinar registered about 51.7426 pounds for purchase, and about 52.0899 pounds for sale.