The dollar prices stabilized at the beginning of banks’ transactions today, Monday, after the American currency rose to the level of 24 pounds in a group of banks, with the anticipation of the green currency continuing to rise in front of the local currency.
In the Central Bank of Egypt, the value of the dollar stabilised at 22. 99 Egyptian pounds for purchase and 22.
According to the central bank’s website, 85 pounds are available for purchase, and the exchange rate between the dollar and the Egyptian pound in the 24 banks that are active in the local market increased. 20 kg.
The National Bank of Egypt’s exchange rate for the dollar was 23. 15 pounds are being purchased for 23. The same prices in Banque Misr, as well as a sale price of 20 pounds.
In the Abu Dhabi Islamic Bank, the dollar cost 24. for purchases, 12 pounds, and 24. Offers twenty.
The Egyptian Gulf Bank 24 kept track of the exchange rate between the dollar and the pound. For purchases, 10 pounds, and 24. For sale is 20 pounds.
In the Bank of Alexandria, the exchange rate between the dollar and the pound was 23. 24 pounds are for sale and 9 pounds are for purchase.
Seven banks that participate in the banking industry in Egypt recorded 24 for the price of the dollar. 10 pounds for purchase for 24.
According to the exchange rates, banks, including the United Bank, the Suez Canal Bank, Credit Agricole Egypt, the Egyptian Arab Real Estate Bank, the Suez Canal Bank, the Saib Bank, and the Bloom Bank, are offering 20 pounds for sale.
It is important to note that the Central Bank of Egypt decided to liberalise exchange rates last Thursday and permitted banks to carry out dollar and pound derivatives, provided that the operations’ goal is to cover customer centres resulting from commercial operations and not for speculative purposes.
The move by the central bank is intended to ease import and export procedures in the upcoming period as the government moves to lift the restrictions it imposed in the wake of the dollar crisis and switch back to using collection documents rather than documentary credits, which are currently used in import and export operations.
Today, Monday, October 31, 2022, dollar exchange rates in banks
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