Many individuals are interested in following the price of the dollar today, Saturday 28/12/2019, against the Egyptian pound to study the changes and developments that occur to it, as it is the controlling currency in many goods and services for individuals. It is known that the rise and fall in the dollar prices affect the prices of other services in Egypt, especially gold prices, which are inversely related to the dollar, meaning that with its rise it decreases and with its decline it increases.
The price of the dollar on Saturday
The price of the dollar rose by almost one penny in most Egyptian banks today, as prices in the banks came as follows:
The price of the dollar in Credit Agricole was about 16.00 pounds for purchase, and 16.10 pounds for sale.
The price of the dollar in Mashreq Bank reached about 16.00 pounds for purchase, and 16.10 pounds for sale.
The price of the dollar in the National Bank of Kuwait reached about 16.00 pounds for purchase, and 16.10 pounds for sale.
The price of the dollar in HSBC bank reached 15.99 pounds for purchase, and 16.09 pounds for sale.
The price of the dollar in the National Bank of Egypt reached about 15.99 pounds for purchase, and 16.09 pounds for sale.
The dollar and the economy of Egypt
The price of foreign currencies, especially the US dollar, is considered the indicator for the country’s economies, because in the event of any dollar flows this increases the support of the currency’s strength, and indicates the improvement of the Egyptian economy indicators clearly, and this is what happened in the past months, and led to the recovery of the Egyptian pound a lot in front of The dollar, after the dollar fell from 18 Egyptian pounds to 16 Egyptian pounds throughout this year, and more experts expected that this improvement in performance will continue over the coming period with the progress of economic indicators and the improvement of the dollar’s resources in Egypt.
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