Dollar exchange rates rose against the Egyptian pound by 8 piastres, buying and selling during their mid-day deals, Thursday, the end of weekly trading, in Egyptian banks.

Last month, the dollar exchange rate witnessed significant movement against the Egyptian pound, trading between £5.37 – £5.50, buying and selling.

And in the two largest local banks in terms of assets and transactions, National Bank of Egypt and Banque Misr, the exchange rate today recorded 30.13 pounds for buying and 30.23 pounds for selling, and in the Suez Canal Bank it recorded 30.15 pounds for buying and £30.25 for selling.

The price of the dollar today against the pound

In private banks, the dollar rate in Commercial International Bank registered 30.23 pounds for buying and 30.33 pounds for selling, and in Abu Dhabi Islamic Bank it recorded 30.23 pounds for buying and 30.33 pounds for selling.

In the central bank, the average price of the dollar against the Egyptian pound recorded 30.13 pounds for buying and 30.23 pounds for selling.

Date of central bank meeting

The Central Bank of Egypt’s monetary policy committee is scheduled to hold its first meeting of the year 2023, today, Thursday, to discuss the fate of interest rates.

The central bank’s monetary policy committee decided at its last meeting on December 22 to raise interest rates by 3% to reach 16.25% and 17.25% on deposit and lending yields.