Urgent | The rise in dollar prices against the pound ahead of the central bank meeting

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.

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Urgent, a new and scary change in the exchange rate of the Saudi riyal against the Egyptian pound on the black market (a list of the latest exchange rates)

According to the latest updates of the exchange rate map of the Egyptian state, we find that today we are witnessing an increase in the price of the dollar in various banks, which on the other hand is matched by a clear indication of the rise in the black market exchange rates in Egypt for various currencies, which is reflected in the prices of goods and products, and the most important question now comes to which indicator the dollar will rise, here are the main details.

Black market exchange rates today in Egypt

Regarding the official exchange rates of the Central Bank of Egypt for the dollar, the price of the purchase was estimated at about 32.30 Egyptian pounds for the buying process and 32.50 for the selling process.

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The price of the dollar today on the black market

    • The price of the dollar against the Egyptian pound today on the black market starts from thirty pounds to about 34 pounds, so we find that
    • The highest price of the dollar today on the black market has reached about thirty-four pounds.
    • Regarding exchange rates in Egypt on the black market, we find that the buying price of the Saudi Riyal is estimated at around £8.71, while the selling price is estimated at around £8.98.

Read also: Urgent, a historic collapse now for the exchange rate of the Saudi riyal, the Egyptian pound and the dollar (a list of the latest exchange rates updated a moment ago)

What is the price of the dollar today in banks?

Its price was estimated at 32.30 Egyptian pounds for the buying process and 32.50 for the selling process.

What is the price of the dollar today on the black market?

The black market price was estimated at around thirty pounds, down to around £34.

What is the price of the Saudi riyal on the black market?

The buying price for the Saudi riyal is estimated at around £8.55, while the selling price is estimated at around £8.59.

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