Riyal Holds Steady Against Egyptian Pound in Today’s Trading
Currency market sees stability across major banks.
The Saudi riyal’s value remained consistent against the Egyptian pound during banking transactions today, June 9, 2025. This stability was observed across most banks operating within Egypt’s financial sector, providing a steady benchmark for currency exchange.
Riyal Rates in Major Egyptian Banks
Here’s a look at how the Saudi riyal fared in some of Egypt’s leading banks:
- National Bank of Egypt: the purchase price held firm at 13.17 pounds, while the selling price remained stable at 13.24 pounds.
- Banque Misr: Trading commenced with the Saudi currency valued at 13.17 pounds for buying and 13.24 pounds for selling.
- Commercial International Bank (CIB): The riyal was exchanged at 13.19 pounds for purchase and 13.24 pounds for sale.
- Credit Agricole Bank: Transactions began with the riyal priced at 13.15 pounds for buying and 13.24 pounds for selling.
Central Bank and Other Key Players
The Central Bank of egypt also reported its rates, along with other critically important financial institutions:
- Central Bank of Egypt: The riyal was trading at 13.22 pounds for purchase and 13.24 pounds for sale.
- Bank of Alexandria: Stability was evident with rates at 13.2 pounds for buying and 13.24 pounds for selling.
- United Bank: The riyal was priced at 12.78 pounds for purchase and 13.24 pounds for sale.
- national Bank of Kuwait (NBK): Trading began with rates of 13.13 pounds for buying and 13.26 pounds for selling.
- Abu Dhabi islamic Bank, Egypt: The exchange rate was recorded at 13.24 pounds for purchase and 13.26 pounds for sale.
Economic Context
Currency stability is vital for economic planning and investment. According to a recent report by the International Monetary Fund, stable exchange rates can promote trade and reduce financial risks (IMF 2024).
Looking Ahead
The consistent performance of the Saudi riyal against the Egyptian pound offers a degree of predictability for businesses and individuals involved in cross-border transactions. Market watchers will be keen to see if this stability persists in the coming days.
