The average exchange rate of the dollar against the Egyptian pound, in sunday’s trading, stabilized in most banks and in the central bank.
The pound also remained stable against the rest of the foreign exchange.
The average dollar price in Egypt was fixed on the website of the Central Bank of Egypt, at 15.634 pounds for purchase, and 15.734 pounds for sale.
At the National Bank of Egypt (the largest government bank), the dollar remained at 15.62 pounds for purchase and 15.72 pounds for sale.
The same price was repeated at Bank of Egypt (the second largest government bank).
At CIB (the largest private bank), the dollar recorded 15.62 pounds for purchase and 15.72 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.
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.
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.
Eur and GBP prices
The average exchange rate of the euro on the Website of the Central Bank of Egypt settled at 18.82 pounds for purchase and 18.95 pounds for sale.
The average exchange rate of the pound remained constant at 21.78 pounds for purchase and 21.93 pounds for sale.
Prices of rials, dinars and dirhams
The average exchange rate of the Saudi riyal, at the Central Bank of Egypt, was fixed at 4.16 pounds for purchase and 4.19 pounds for sale.
The average price of the AED remained constant at EGP 4.25 for purchase and EGP 4.28 for sale.
The Kuwaiti dinar recorded 51.62 pounds for purchase and 52.02 pounds for sale.