The price of the US dollar varied today, Thursday 30-1-2020, in most banks, while it witnessed a slight decrease in some banks by two piasters, according to the closing prices of yesterday, Wednesday, where its price in the central bank was recorded at 15.74 pounds for purchase and 15.84 pounds for sale, According to the latest updates of a number of different banks, foremost of which are the National Bank of Egypt, we publish the price of the dollar against the Egyptian pound during today’s trading, which came as follows:
The price of the dollar in the Egyptian Central Bank
15.74 pounds for purchase.
15.84 pounds for sale.
The price of the dollar in the National Bank of Egypt
15.75Pounds to buy.
15.85Pounds for sale.
The price of the dollar in Abu Dhabi Islamic Bank
15.73Pounds to buy, compared to yesterday’s price 15.15 pounds to buy, with a decrease of two piasters.
15.83 pounds for sale, compared to 15.85 pounds for yesterday, with a decrease of two piasters.
The price of the dollar in the Suez Canal Bank
15.75 pounds to buy, compared to 15.73 pounds, with a higher capacity of two piasters.
15.85 pounds for sale, compared to 15.83 pounds, with a higher capacity of two piasters.
The price of the dollar in CIB
15.74Pounds to buy.
15.84 pounds for sale.
The price of the dollar in Bank of Alexandria
15.73 Pounds to buy.
15.83 Pounds for sale.
The price of the dollar in Banque Misr
15.75 pounds to buy.
15.85 pounds for sale.
The price of the dollar in Bank Audi
15.75 pounds to buy.
15.85Pounds for sale.
The price of the dollar in the Arab African International Bank
15.74 pounds for purchase.
15.84 pounds for sale.
The price of the dollar in Banque du Caire
15.75 pounds to buy.
15.85 pounds for sale.
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 their stability in international markets, and they change According to a plan developed by officials of the Central Bank of Egypt.
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 within the framework of progress and improvement of Egyptian economy indicators significantly over the past period, the price of the pound against the dollar has reversed during the past months With the rise of the local currency against its American counterparts, 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 primary function of the foreign exchange reserves 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 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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