The price of the dollar on Friday 7-2-2020 in the National Bank of Egypt, 15.72 pounds for purchase, and 15.82 pounds for sale, while the euro price recorded 17.23 pounds for purchase, and 17.42 pounds for sale, while for the British pound, it recorded 20.31 pounds for purchase, and 20.57 pounds for sale The National Bank of Egypt, 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 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 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.
A number of banks have signed a banking alliance consisting of the “National Bank of Egypt” as a financing agent and “Qatar National Bank” on a medium-term joint financing contract with a value of up to 1.8 billion pounds for the benefit of Concrete Plus Engineering and Construction for the purpose of implementing the contracting process assigned to the company by Development of the new city of El Alamein, which is affiliated to the New Urban Communities Authority and for the first phase of the work of implementing a housing compound project in the beach area of the new city of El Alamein.
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