The exchange rate of the euro in Egypt stabilized today, Sunday, in most of the banks operating in Egypt and the Central Bank of Egypt.
The price of the euro was 18.51 pounds for purchase and 18.63 pounds for sale at the Central Bank of Egypt.
As for the price of the euro in the National Bank (the largest government bank), it recorded 18.3176 pounds for purchase, and 18.6661 pounds for sale, and in Banque Misr (governmental) the price of the euro was recorded at 18.4489 pounds for purchase, and 18.7149 pounds for sale.
The Egyptian government is preparing to issue the first Islamic bonds as soon as the House of Representatives approves a bill in this regard, and President Abdel Fattah El-Sisi ratifies it.
It is expected that the Prime Minister will issue the executive regulations of the law within three months from the date of its implementation, as announced by the Council of Ministers.
The Egyptian pound received strong support in the face of foreign currencies from remittances from Egyptians abroad, which kept the money market stable for a long time.
Remittances from Egyptians working abroad increased to $ 27.8 billion in the 2019-2020 fiscal year, up from $ 25.2 billion a year ago.
The price of the dollar and sterling
The exchange rate of the dollar against the Egyptian pound stabilized today, Sunday, in most Egyptian banks, and the Central Bank of Egypt fixed the exchange rate of the dollar at 15.63 pounds for purchase and 15.73 pounds for sale.
The sterling scored 20.22 pounds to buy and 20.63 pounds for sale, on the National Bank screen.
The price of the riyal, dirham and dinar
The price of the Saudi riyal was about 4.08 pounds for purchase and 4.19 pounds for sale, and the price of the Emirati dirham scored about 4.23 pounds for purchase, and 4.28 pounds for sale, in the National Bank.
The Kuwaiti dinar recorded 48.69 pounds for purchase and 51.47 pounds for sale, with Al-Ahli Bank.