Find out the price of the Saudi riyal in Egypt on Thursday, March 4, 2021

The average exchange rate of the Saudi riyal against the Egyptian pound declined on Thursday, March 4, 2021, in banks and exchange companies.

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 average exchange rate of the Saudi riyal, at the Central Bank of Egypt, on Thursday, fell to 4,165 pounds for purchase, 4,191 pounds for sale, compared to 4,169 pounds for purchase, and about 4,195 pounds for sale.

The rial recorded the highest purchase price at EGP 4.17 at Audi and Mashreq banks, while the highest selling price for the rial was at EGP 4.25 at the Construction and Housing Bank.

The Saudi riyal at the National Bank of Egypt (the largest government bank) was at about 4,127 pounds for purchase and 4,191 pounds for sale.

Egypt’s central bank announced a rise in the country’s foreign exchange reserves to $40.101 billion in January.

The average price of the dollar in Egypt on the website of the Central Bank of Egypt, thursday, fell to about 15.623 pounds for purchase, and 15.720 pounds for sale, compared to about 15.639 pounds for purchase, and 15.736 pounds for sale, yesterday.

Meanwhile, the average exchange rate of the euro on the Website of the Central Bank of Egypt, on Thursday, rose to about 18.85 pounds for purchase, and 18.97 pounds for sale, compared to about 18.81 pounds for purchase, and 18.93 pounds for sale.

The average exchange rate of the pound increased to about 21.82 pounds for purchase, and 21.96 pounds for sale, compared to about 21.75 pounds for purchase, and 21.89 pounds for sale.

The average price of the Uae dirham, at the Central Bank of Egypt, fell to about 4,253 pounds for purchase, 4,280 pounds for sale, compared to 4,257 pounds for purchase and 4,284 pounds for sale.

The Kuwaiti dinar registered about 51.59 pounds for purchase, and 51.97 pounds for sale, compared to about 51.56 pounds for purchase, and about 52.02 pounds for sale.

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.

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.