Today, the dollar continues on Tuesday 14-1-2020, its decline against the Egyptian pound in some banks operating in Egypt, where the exchange rate of the dollar in the Central Bank of Egypt decreased by 3 piasters for the second time during the day’s transactions, recording 15.81 pounds for purchase and 15.94 pounds for sale after it was Its price is 15.84 pounds for purchase, and 15.97 pounds for sale in morning dealings.
On Monday, the dollar witnessed a decrease in some banks operating in Egypt, where the dollar exchange rate at the Central Bank of Egypt recorded a decrease of 5 piasters, recording 15.87 pounds for purchase and 16.00 pounds for sale, after its price was 15.92 pounds for purchase, and 16.05 pounds for sale, in When he dropped by 6 piasters also in Abu Dhabi Islamic Bank, recording 15.90 pounds for purchase, 16.00 pounds for sale, after yesterday’s price was 15.96 for purchase, and 16.06 pounds for sale.
The price of the dollar also lost 5 piasters against the pound during Sunday’s trading, the first of the week’s transactions, so that its total losses over Sunday and Monday are about 11 piasters, which is a great improvement in the price of the pound in a short period.
And he recorded the following prices in some banks compared to morning dealings:
The price of the dollar in the Egyptian Central Bank
15.81 pounds to buy, compared to yesterday 15.84 pounds, down 3 piasters.
15.94 pounds for sale, compared to 15.97 pounds yesterday, a decrease of 3 piasters.
The price of the dollar in the National Bank of Egypt
15.85 pounds for purchase, compared to yesterday’s price of 15.87 pounds, down two piasters .
15.95 pounds for sale, compared to yesterday’s price of 15.97 pounds, down two piasters.
The price of the dollar in Abu Dhabi Islamic Bank
15.85 pounds for purchase, compared to yesterday’s price of 15.87 pounds, down two piasters.
15.95 pounds for sale, compared to yesterday’s price of 15.97 pounds, down two piasters.
The price of the dollar in CIB
15.83 pounds for purchase, compared to yesterday’s price of 15.85 pounds, down two piasters.
15.93 pounds for sale, compared to 15.95 pounds yesterday, down two piasters.
The price of the dollar in Bank of Alexandria
15.84 pounds to buy, compared to yesterday 15.15 pounds, down two piasters.
15.94 pounds for sale, compared to yesterday’s price of 15.96 pounds, down two piasters.
The price of the dollar in Banque Misr
15.85 pounds for purchase, compared to yesterday’s price of 15.87 pounds, down two piasters.
15.95 pounds for sale, compared to yesterday’s price of 15.97 pounds, down two piasters.
The price of the dollar in Bank Audi
15.83 pounds for purchase, compared to yesterday 15.87 pounds, down 4 piasters.
15.93 pounds for sale, compared to 15.97 pounds yesterday, a decrease of 4 piasters.
The price of the dollar in the Suez Canal Bank
15.83 pounds for purchase, compared to yesterday’s price of 15.85 pounds, down two piasters.
15.93 pounds for sale, compared to yesterday’s price of 15.95, down two piasters.
The price of the dollar in the Arab African International Bank
15.84 pounds to buy, compared to yesterday 15.15 pounds, down two piasters.
15.94 pounds for sale, compared to yesterday 15.96 pounds, down two piasters .
The price of the dollar in Banque du Caire
15.83 pounds for purchase, compared to yesterday 15.87 pounds, down 4 piasters.
15.93 pounds for sale, compared to 15.97 pounds yesterday, a decrease of 4 piasters.
Foreign currencies in Egypt’s foreign reserves consist of a basket of the main international currencies, which are the US dollar, the single European currency, the euro, the British pound, the Japanese yen, and the Chinese yuan, a percentage of which Egypt’s holdings are distributed on the basis of the exchange rates of these currencies and the extent of their stability in international markets, and they change According to a plan developed by officials of the Central Bank of Egypt.
The primary function of the foreign exchange reserve at the Central Bank, with its components of gold and various international currencies, is to provide basic commodities and pay the premiums and benefits of foreign debt, and to confront economic crises, in exceptional circumstances, with resources affected by hard currency-generating sectors, such as exports, tourism and investments, Because of the turmoil, however, other sources of hard currency, such as remittances from Egyptians abroad that have reached a record level, and the stability of the Suez Canal revenues, contribute to supporting the reserve in some months.
The price of the currency is a “thermometer” the performance of the economies of countries. When dollar flows and capital occur in hard currency, this supports the strength of the currency, and in the context of progress and improvement of the Egyptian economy indicators significantly over the past period, the price of the pound against the dollar was reversed during the past months The rise of the local currency against its American counterparts, and this performance is expected to continue during the coming period, with the progress of economic indicators and the improvement of 5 basic dollar resources for Egypt.
The exchange rate in Egyptian banks is determined according to the mechanism of supply and demand, and the higher the dollar supply and the decrease in demand for it, the lower the dollar price.
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