The price of the dollar stabilized today, Monday, 23-5-2020, at the level of banks operating in Egypt the second day of Eid Al-Fitr, compared to the conclusion of Thursday’s transactions, registered at the National Bank of Egypt 15.79 pounds for purchase, 15.89 pounds for sale, according to the latest updates of a number of different banks in Introduction to the National Bank of Egypt, we publish the price of the dollar against the Egyptian pound today, which came as follows:
The price of the dollar in the Egyptian Central Bank
15.80 pounds for purchase.
15.90 pounds for sale.
The price of the dollar in the National Bank of Egypt
15.79 pounds for purchase.
15.89 pounds for sale.
The price of the dollar in Banque Misr
15.79 pounds for purchase.
15.89 pounds for sale.
The price of the dollar in Banque du Caire
15.81 pounds for purchase.
15.91 pounds for sale.
The price of the dollar in Abu Dhabi Islamic Bank
15.81 pounds for purchase.
15.91 pounds for sale.
The price of the dollar in CIB
15.81 pounds for purchase.
15.91 pounds for sale.
The price of the dollar in Bank of Alexandria
15.80 pounds for purchase.
15.90 pounds for sale.
The price of the dollar in Bank Audi
15.81 pounds for purchase.
15.91 pounds for sale.
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.
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