The prices of the dollar in Egyptian banks continued their stability during the mid -trading today, November 2, 2022, with the anticipation of the US federal decision, which is expected to affect the high prices of the dollar globally if it raised interest rates again.
With the exception of the mid-transactions today at 24.15 and 24.25 pounds for sale at Qatar National Bank and recorded at Al-Mashreq Bank, the dollar’s exchange rates remained stable against the Egyptian pound.
The costs in SAIB Bank are 15 pounds for buy and 24.25 pounds for sale.
While the exchange rate of the dollar against the pound was about 24. 15 pounds for purchase and 24. 25 pounds at the Abu Dhabi Islamic Bank, and the Commercial International Bank recorded about 24. 03 pounds for purchase and 24. 13 pounds for sale, and in the Arab African Bank, Najo reached 24. 1 pounds for purchase and 24.
The costs are the same at both the United Bank and the Housing and Development Bank for purchases of one pound.
The price of the dollar in Al -Ahly and Egypt bank reached 24 pounds for purchase and 24. 1 pounds for sale, after it had been in yesterday’s trading at 24. 11 pounds for purchase and 24. 24 pounds for sale.
In connection with a 200 basis point increase in interest rates, the Central Bank said last Thursday that foreign currency rates against the pound will be liberalised. As a result, the price of the dollar in banks increases from 19.70 to 23 pounds.
In the middle of today’s trading, the price of the dollar has remained stable.
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