The exchange rate of the dollar against the Egyptian pound stabilized during morning trading in most Egyptian banks today, Monday, November 2, 2020.
According to a survey conducted by “Al Ain News of 19 banks” operating in Egypt, Credit Agricole Bank was the best bank to sell the US dollar at 15.66 pounds, while SAIB was the best bank to buy dollars from 15.74 pounds.
The price of the dollar rose slightly against the Egyptian pound in 13 banks, while it decreased in 5 banks, and settled in one bank.
The Egyptian pound received strong support against the dollar from remittances from Egyptians abroad, which kept the money market stable for a long time.
Remittances from Egyptians working abroad rose to $ 27.8 billion in the 2019-2020 fiscal year, compared to $ 25.2 billion a year ago, according to data from the Central Bank of Egypt.
According to the “Al Ain News” survey, the price of the dollar was 15.66 pounds for purchase, and 15.76 pounds for sale in 10 banks: The United Bank, Credit Agricole, Audi, National Kuwait, Egypt Iran Development, HSBC, Abu Dhabi Islamic Bank, Egyptian Gulf, Al Ahli Kuwaiti , And the Suez Canal Bank.
While the price of the dollar was recorded at 15.65 pounds for purchase, and 15.75 pounds for sale in 7 banks: the National Bank of Egypt (the largest governmental bank), Banque Misr (governmental), the Arab International Bank, CIB, Construction and Housing, Alexandria, and the Arab African International Bank.
In the Central Bank of Egypt, the exchange rate of the dollar against the Egyptian pound was recorded at about 15.647 pounds for purchase, and 15.775 pounds for sale, and in SAIB Bank, 15.64 pounds for purchase and 15.74 pounds for sale.
The price of the euro and sterling
On the screens of the Central Bank of Egypt, the exchange rate of the euro against the Egyptian pound was recorded at 18,224 pounds for purchase, and 18,380 pounds for sale, while the sterling exchange rate recorded about 20.244 pounds for purchase and 20.418 pounds for sale.
The price of the riyal, dirham and dinar
According to the screens of the National Bank of Egypt, the price of the Saudi riyal against the Egyptian pound recorded about 4,086 pounds for purchase, 4,199 pounds for sale, while the Emirati dirham scored about 4,238 pounds for purchase, and 4,288 pounds for sale, and the Kuwaiti dinar recorded about 48,738 pounds for purchase, and 51. 499 pounds for sale.
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