Today, Friday, the exchange rate of the Saudi riyal against the Egyptian pound rose slightly, in most transactions of exchange companies and ATMs.
The average price of the Saudi riyal against the Egyptian pound recorded, today, Friday, 4.09 pounds for purchase and 4.19 pounds for sale, according to a survey conducted by “Al Ain News” in 24 banks, after the calm demand for Umrah trips to the Holy Land in Saudi Arabia.
Friday and Saturday are official holidays in Egyptian banks.
In the Central Bank of Egypt, the price of the Saudi riyal rose against the Egyptian pound, to about 4.153 pounds for purchase, and about 4.1801 pounds for sale, compared to about 4.145 pounds for purchase and about 4.180 pounds for sale, yesterday, Thursday.
While the price of the Saudi riyal stabilized against the Egyptian pound in the National Bank of Egypt (the largest government bank), at about 4.07 pounds for purchase, and about 4.18 pounds for sale.
The Tourism Companies Division of the General Federation of Chambers of Commerce in Egypt said that the main reason for the stability of the Saudi riyal exchange rate is the temporary calm of demand for Umrah trips to Saudi Arabia.
The division expected the riyal to rise, with clarity of vision about the Corona virus and the validity of news of a second wave, which raises the number of infections again.
the highest price
The Saudi riyal recorded the highest purchase price in 5 banks, at about 4.15 pounds, which are Bank Audi, Blom Egypt, Al-Mashreq, Arab International Bank and Al-Ahly Greece.
While the highest selling price in Al Baraka Bank came at 4.22 pounds.
New financing agreement
The IMF said that it reached an expert-level agreement with Egypt after completing the first review to facilitate a credit readiness of $ 5.2 billion.
On Thursday, the IMF’s statement indicated that a tranche amounting to $ 1.6 billion will be disbursed upon approval by the Fund’s Executive Board.
He said, “The Egyptian economy has performed better than expected despite the Corona pandemic.”
Egypt is the only country in the Middle East and North Africa region that achieves a positive growth rate, according to the IMF projections.
Dollar, euro and sterling prices
In the Central Bank of Egypt, the price of the dollar stabilized against the Egyptian pound, at about 15,576 pounds for purchase and about 15.676 pounds for sale.
While the exchange rate of the euro fell against the Egyptian pound, to about 18.428 pounds for purchase, and about 18.548 pounds for sale, compared to about 18.488 pounds for purchase and 18.611 pounds for sale, yesterday, Thursday.
The price of the pound fell to about 20.606 pounds for purchase, and about 20.732 pounds for sale, compared to about 20.691 pounds for purchase, and about 20.819 pounds for sale, yesterday, according to the screens of the Central Bank of Egypt.
The price of the dirham and the dinar
The Emirati dirham settled at about 4,240 pounds for purchase and 4,268 pounds for sale, according to the Egyptian Central Bank.
While the Kuwaiti dinar declined to about 50.905 pounds for purchase, and about 51.303 pounds for sale, compared to about 50.916 pounds for purchase and 51.313 pounds for sale.
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