The dollar price in Egypt today at the Central Bank was around £ 19.36 for the purchase and £ 19.46 for the sale, compared to £ 19.37 for the purchase and £ 19.44 for the sale. according to the CBE bulletin.
The dollar price today at the National Bank of Egypt (the largest government bank) stood at £ 19.37 for the purchase and £ 19.43 for the sale. The same price was repeated in Banque Misr.
The dollar price did not change in Egypt today with Commercial International Bank CIB, which posted around £ 19.39 for the purchase and £ 19.45 for the sale.
The Egyptian pound has lost 19 pips against the dollar since early September, according to CBE data.
Egyptians are awaiting the Central Bank of Egypt’s interest rate decision on September 22, a day after the U.S. Federal Reserve issued its interest rate decision, which is expected to raise interest rates by 75 basis points to control inflation.
Research from investment bank Hermes predicts that the Central Bank of Egypt will raise interest rates by 100 basis points (1%) at its next monetary policy committee meeting.
Standard Chartered Bank expected Egypt’s dollar exchange rate to move gradually, to rise to £ 20.75 by the end of 2022.
On its way to providing hard currency resources, Egyptian Oil Minister Tarek El Molla said his country aims to export $ 8.5-10 billion of gas in the current fiscal year 2022-2023.
Egypt has exported gas worth $ 6.5 billion in the last fiscal year, according to El Molla.
Egypt’s exports of natural and liquefied gas increased by 406% in the fiscal year 2021-2022, which ended last June, reaching $ 6.7 billion.
The price of the euro today in Egypt
The price of the euro jumped today in Egypt at the Central Bank to the level of 19.39 pounds in buy and 19.50 pounds in sale, compared to 19.34 pounds in buy and 19.42 pounds on sale yesterday, according to the bulletin of the Central Bank “cbe .org.eg”.
While the price of the euro has changed today in Egypt at the National Bank of Egypt (the largest government bank), stable at the level of 19.26 pounds for the purchase, and rising to the level of 19.49 pounds for the sale , compared to 19.26 for the purchase, and 19.45 pounds for sale yesterday.
The price of the euro also changed today in Banque Misr, trading at 19.26 pounds for the purchase and 19.49 pounds for the sale, compared to 19.28 pounds for the purchase and 19.46 for the sale yesterday. .
In addition, the price of the euro changed in Egypt today at the CIB, as it dropped to £ 19.28 for the purchase and rose to £ 19.52 for the sale, compared to £ 19.30 for the purchase and 19.48 for the sale.
Oil prices rise due to the falling dollar and supply concerns
The stability of the yellow metal .. Find out the price of gold today, Monday, September 19, 2022
–
