05:01 PM
Friday, January 31, 2020
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I wrote – Shaima Hefzy:
The dollar exchange rate continued to decline against the pound during the trading week last week, for the fourth consecutive week, according to data from the National Bank of Egypt.
According to the bank’s data, the price of the dollar fell one penny during the past week, to record at the end of trading yesterday 15.75 pounds for purchase and 15.85 pounds for sale.
The dollar fell against the local currency this month, thanks to a large foreign investment in government debt instruments, which supported the price of the pound.
And the price of the Saudi riyal decreased during the week’s trading, a penny to register yesterday 4.18 pounds for purchase and 4.22 pounds for sale compared to 4.20 pounds for purchase and 4.24 pounds for sale.
The Kuwaiti dinar fell to 51.58 pounds for purchase, 52.21 pounds for sale, compared to 51.63 pounds for purchase and 52.24 pounds for sale.
The price of the euro fell last week to record yesterday, 17.34 pounds for purchase and 14.48 pounds for sale, compared to 14.40 pounds for purchase and 17.62 pounds for sale, last Thursday.
The selling price of the British pound fell to 20.44 pounds for purchase yesterday and 20.78 pounds for sale, compared to 20.65 pounds for purchase and 20.86 pounds for sale.
The price of the Qatari riyal fell by a penny to register yesterday, 4.14 pounds for purchase and 4.35 pounds for sale.
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