The exchange rates of the euro in Egypt increased yesterday, after the Egyptian Central Bank’s decision to raise interest rates 200 basis points in an exceptional meeting yesterday, Thursday, and settled today, Friday, and the euro exchange rate in the currency market was 22. 9683 Egyptian pounds, compared to 23. 0747 Egyptian pounds, the sale price, The price of the euro was 22 at the time of the most recent update to the Al-Ahly Bank’s currency trading screen.
78 Egyptian pounds for purchase, compared to 23. 164 Egyptian pounds, the sale price.
Today’s average euro-to-pound exchange rate in Egypt was 22.80 Egyptian pounds for every $1, down from 23.
04 Egyptian pounds are available for purchase, and the following are the most recent euro exchange rates at the Bank of Egypt, the National Bank, and a number of other public and private banks:
The best bank to purchase euros today is the Arab International Bank AIB, with the exchange rate between the euro and the Egyptian pound being at 23,3149 Egyptian pounds, and Abu Dhabi Islamic Bank being the best bank to sell euros for 23,167 Egyptian pounds.
The Central Bank announced yesterday to raise the interest by about 200 basis points on deposit and lending, and its followers of a free exchange rate policy to determine the value of the pound against foreign currencies based on the forces of supply and demand, stressing that this aims to achieve sustainable economic growth.
During yesterday’s trade, the value of the pound relative to the dollar dropped by 16%, ending in the central bank from 22.
99 pounds, compared to banks exceeding 23 pounds in the private sector.
The Central Bank affirmed that it does not target specific exchange rates, but rather is seeking to maintain the stability of prices.
Following an increase in interest rates… the price of the euro in Egypt today, Friday, October 28, 2022
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