Egypt 365 website offers the latest exchange rates of the Saudi riyal against the pound in the various banks operating in the Egyptian exchange market, according to the latest data and statistics issued by the daily banking transactions, also the price of the Saudi riyal today compared to the Egyptian pound is instantaneous according to the data events announced from the Egyptian banks.
We display the exchange rate of the Saudi riyal in the official market and the black market, where the price of the Saudi riyal witnesses a state of stability against the Egyptian currency “pound” during the current period because of the availability of the Saudi riyal to the extent required within the Egyptian exchange market, as the Saudi riyal, like other currencies, is controlled by the policy of supply and demand .
The price of the Saudi riyal today
The price of the riyal today in banks
The price of the Saudi riyal now
As for the price of the Saudi riyal in Black market He scored 4,22 Pound to buy for 4.24 pounds to sell.
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The price of the Saudi riyal
The Saudi riyal was in the past, which consisted of sukuk and silver coins that were used in international trade permanently since its first issuance in 1741, and the history of the Saudi riyal dates back to the beginning of the reign of King Abdulaziz Al Saud after the conversion of Saudi Arabia from the Kingdom of Hijaz and Najd and its annexes to the name of the Kingdom of Saudi Arabia by a royal decree carried No. “2716” on the date of 7 Jumada I of the year 1351 corresponding to September 22, 1932.
It is worth noting here that the Saudi riyal is the main currency of the Kingdom of Saudi Arabia, where one Saudi riyal consists of 100 halalas, the Saudi currency is issued by the Saudi Arabian Monetary Agency, and the Saudi riyal is covered with gold, and this is why the conversion of the Saudi riyal is possible to Other foreign currencies without any restrictions on transfers, where the dollar equals approximately 3.75 Saudi riyals, and the Saudi riyal is pegged to the US dollar at the level of 3.75 riyals since 1986.
Reasons for buying the Saudi riyal in Egypt
Egyptians are interested in following up the daily Saudi riyal exchange rate, due to the interest of a large group of Egyptian society in performing the Hajj and Umrah rituals, especially during the current time with the start of the new Umrah season and the opening of the Egyptian electronic Umrah portal, where many Egyptians wishing to perform Umrah rituals convert their currencies from The Egyptian currency “pound” to the Saudi currency, “the riyal” before they travel to the territory of the Kingdom of Saudi Arabia.
The performance period of the pilgrimage and age seasons is one of the most demanding periods for the Saudi riyal within the Egyptian exchange market, where the Egyptian demand increases to convert the Egyptian currency “the pound” to the Saudi riyal before traveling to perform the rituals of Hajj and Umrah. Cooperation and coordination between the Egyptian and Saudi sides has begun to start the Umrah season. New for the current year 2019 through the Umrah portal.
The Egyptians working abroad, namely Egyptians working in the territories of the Kingdom of Saudi Arabia, are also interested in the exchange rate of the Saudi riyal, where they transfer their salaries and money saved from abroad to the lands of the Egyptian state, after which the Saudi riyal is converted into the Egyptian currency, and this is why many Egyptian families want to know the best price Exchange for Saudi riyals in banks operating in the Egyptian market in order to convert the Saudi riyal into the Egyptian currency.
Foreign currency reserves rise
Statistics and data issued by the Central Agency for Public Mobilization and Statistics announced the increase of Egyptians’ remittances from abroad, which played an important role in working to increase the Egyptian state’s reserves of foreign currencies, in addition to the decrease in economic inflation rates that the Egyptian state was suffering during the previous period.
Also, the improvement of the Egyptian economy’s performance during the current time and the improvement of the Egyptian economic conditions after the success of the economic reform program pursued by the Egyptian government led to the stability of many currency exchange rates within the Egyptian market and worked to create a state of stability in the overall economic conditions.