Due to the Central Bank’s continued practise of gradually devaluing the Egyptian pound against the dollar in order to relieve pressure on the pound, exchange rates between the two currencies opened trading today, Sunday, October 2, 2022, with stability and high expectations that the pound would record new declines against the dollar.
The National Bank of Egypt is now offering the dollar for 19. 51 and 19. 57 pounds, respectively, on Sunday, October 2, 2022.
Today, Sunday, October 2, 2022, at Banque Misr, the cost of a dollar is 19. 51 pounds for purchase and 19. 57 pounds for selling.
Today, Sunday, October 2, 2022, the price of a dollar in the Bank of Alexandria is 19. 54 pounds for purchase and 19. 59 pounds for selling.
Today, Sunday, October 2, 2022, the price of a dollar in Banque du Caire is 19. 53 pounds for purchase and 19. 59 pounds for selling.
On Sunday, October 2, 2022, the Commercial International Bank is offering the dollar for 19.
19 pounds for sale and 53 pounds for purchase.
Today, Sunday, October 2, 2022, the Arab African Bank is offering the dollar for 19. 51 pounds for purchase and 19. 59 pounds for sale.
Today, Sunday, October 2, 2022, the price of a dollar in the Abu Dhabi Islamic Bank is 19.56 pounds for purchase and 19.59 pounds for sale.
The exchange rate for the dollar as of today, Sunday, October 2, 2022, according to Credit Agricole Bank, is 19.49 and 19.56 pounds, respectively.
Today, Sunday, October 2, 2022, the price of a dollar in the Suez Canal Bank is 19. 49 pounds for purchase and 19. 59 pounds for selling.
Today, Sunday, October 2, 2022, the price of a dollar in Al Baraka Bank is 19.46 pounds for purchase and 19.56 pounds for sale.
Amr Adib, a television personality, suggested that the Central Bank step in if there are two prices for the dollar: one in banks and one that is higher and used by dealers on the markets.
And “Adeeb” went on to say, during the Al-Hekaya programme that was aired on MBC, that while a dollar is worth 19.60 pounds when used in bank transactions, it is worth 23 pounds when used in merchant transactions. He added that the citizen is responsible for the difference.
Over the course of last week’s trade, the dollar-to-pound exchange rate rose by 7 piastres, hitting its highest levels ever in the Central Bank at 19. 49 pounds for buy and 19.
60 pounds were sold, shattering the previous record of 19.56 pounds set on December 21, 2016.
Dollar exchange rates as of October 2, 2022. the likelihood that the value of the pound will continue to drop
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