The price of the euro in Egypt today, Sunday, September 19,...

The price of the euro in Egypt today, Sunday, September 19,...
The price of the euro in Egypt today, Sunday, September 19,...

The price of the euro stabilized against the Egyptian pound, today, Sunday, September 19, 2021, in the Central Bank and commercial banks.

The price of the European euro against the Egyptian pound remained at the Central Bank of Egypt at 18.41 pounds for purchase and 18.53 pounds for sale, which are the same prices as yesterday.

In the National Bank of Egypt (the largest government bank in Egypt), the price of the euro stabilized at 18.38 pounds for purchase, and 18.60 pounds for sale.

In Banque Misr (the second largest bank in Egypt), the euro fell 18.33 pounds for purchase and 18.55 pounds for sale, compared to 18.38 pounds for purchase, and 18.60 pounds for sale, yesterday.

At the Commercial International Bank (the largest private bank in Egypt), the euro recorded 18.40 pounds for purchase and 18.62 pounds for sale.

The stability of the euro comes as the British government announced yesterday new facilities in international travel rules, which included removing Egypt and 7 countries from its red list for the emerging corona virus.

Britain plans to ease testing requirements for fully vaccinated arrivals to England from the eight countries, who will no longer have to take a Covid-19 test (PCR) before travel, but will still need a test after landing.

Egypt is benefiting from the decision, in particular, in increasing its attractiveness as a destination for British tourists, which will eventually be reflected in its foreign reserves.

Last Thursday, the Central Bank of Egypt kept key interest rates unchanged for the seventh time in a row during the Monetary Policy Committee’s meeting.

The committee kept the overnight lending rate at 9.25% and the overnight deposit rate at 8.25%.

This is the seventh consecutive time that the Monetary Policy Committee of the Central Bank of Egypt has fixed interest rates since it cut interest rates in total by 400 basis points in 2020 (4%) as the COVID-19 pandemic hit the country.

And last Wednesday, the Central Bank of Egypt said that remittances from Egyptians working abroad rose 13.2 percent annually to a record high of $31.4 billion in the fiscal year ending in June 2021.

Remittances from last April to June amounted to about $8.1 billion, up from $6.2 billion in the same period in 2020.

Egypt’s foreign exchange reserves continue to climb for the fifteenth consecutive month, overcoming the obstacles left by the Corona pandemic.

The price of the dollar and sterling

The price of the dollar at the Central Bank of Egypt remained at 15.66 pounds for purchase and 15.75 pounds for sale, which are the same prices as yesterday.

The price of the pound sterling at the Central Bank of Egypt stabilized at 21.65 pounds for purchase and 21.79 pounds for sale.

The price of the riyal, dirham and dinar

The average price of the Saudi riyal at the Central Bank of Egypt recorded 4.17 pounds for purchase and 4.20 pounds for sale, which are the same prices as yesterday.

At the National Bank of Egypt (the largest government bank in Egypt), the price of the Saudi riyal settled at 4.17 pounds for purchase, and 4.19 pounds for sale.

The same price was repeated in Banque Misr (the second largest bank in Egypt).

At the Commercial International Bank (the largest private bank in Egypt), the price of the Saudi riyal settled at 4.17 pounds for purchase, and 4.20 pounds for sale.

The average price of the UAE dirham at the Central Bank of Egypt remained at 4.26 pounds for purchase and 4.29 pounds for sale.

The average price of the Kuwaiti dinar at the Central Bank of Egypt recorded 51.98 pounds for purchase and 52.44 pounds for sale.

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