The price of the dollar today in Egypt
The prices of the dollar recorded, on Thursday, a remarkable stability, as it was recorded in both Banque Misr and the National Bank of Egypt 15.76 pounds for purchase, 15.86 pounds for sale, as was recorded in the International Commercial Bank 15.73 pounds for purchase, and 15.83 pounds for sale.
The price of the Egyptian pound against foreign currencies also witnessed a noticeable improvement during the past days. The decline in the price of the dollar against the Egyptian pound comes at this rate as a result of a noticeable increase in banks’ foreign exchange resources, especially from foreign exchange funds investments in the Egyptian financial markets.
The dollar price schedule in Egyptian banks on Thursday, January 23, 2020
|the bank||Purchasing price||selling price|
|Egyptian Gulf Bank||15.7600||15.8600|
|Al Baraka Bank||15.7600||15.8600|
|Egyptian for import development||15.7600||15.8600|
|Egypt Iran for Development||15.7500||15.8500|
|Bank of Alexandria||15.7400||15.8400|
|Housing & Development Bank||15.7400||15.8400|
|Arabian African Bank||15.7300||15.8300|
|Commercial International Bank||15.7300||15.8300|
The reason for the decline in the dollar against the strength of the Egyptian pound is the improvement in conditions in the markets, in addition to the forces of supply and demand, which has resulted in a decrease in the prices of many different types of commodities within the country.