Home » News » The price of the dollar in the National Bank on Friday, 27-12-2019

The price of the dollar in the National Bank on Friday, 27-12-2019

Record dollar price Today, Friday, 27-12-2019 in the National Bank of Egypt, 15.99 pounds for purchase, and 16.09 pounds for sale, while the euro price recorded 17.72 pounds for purchase, and 17.85 pounds for sale, while for the British pound, it recorded 20.71 pounds for purchase, and 20.91 pounds for sale, and the bank is preparing Al-Ahly, the oldest and largest bank in Egypt, was established on June 25, 1898, and has the largest branch network in 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 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 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 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.

Hisham Okasha, Chairman of the National Bank of Egypt, and Janet Hakman, Executive Director of the European Bank for Reconstruction and Development, signed a financing package totaling $ 150 million, with the aim of financing small and medium enterprises in Egypt.

The signature was attended by the National Bank of Egypt, Dalia El-Baz, Vice Chairman of the National Bank of Egypt, Ghada El-Beli, Chief Executive of the Treasury, Foreign Relations and International Financial Services, Hisham Al-Safti, Head of the Group on Foreign Relations and International Financial Services, and Mamdouh Afia, President of the Small and Medium Enterprises Group, and Abbas Shams, General Manager of International Loans at the National Bank of Egypt, and the relevant work teams in both banks.

Hisham Okasha, President of the National Bank of Egypt, said that the agreement comes within the framework of the distinguished relations between the National Bank of Egypt and the European Bank for Reconstruction and Development, which extends for several years to include many areas of development, adding that the financing package includes the European Bank for Reconstruction and Development granting a loan to the National Bank The Egyptian Fund, with an amount of $ 100 million, is granted through both the Financial Facilities Fund for the Green Economy (GEFF) and the Green Climate Fund (GCF), adding that the National Bank of Egypt seeks, through financing these projects, to support the country’s plans in various areas of development, in addition to contributing Z implementation of Egypt’s Vision 2030, which includes the need for good governance for sustainable energy resources and the use of technology to increase its ability to compete internationally.

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