The price of the dollar in Egypt today, Friday, November 27, 2020 .. The weekend is fixed

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The average price of the dollar against the Egyptian pound stabilized during morning trading today, Friday, in most exchange companies and ATMs.

The Egyptian money market is witnessing a great stability, after a successive decline in the dollar, according to a survey conducted by “Al Ain News”, on the dollar prices in 29 banks.

Usually, the exchange market in Egypt witnessed stability during the official weekend for banks “Friday and Saturday”.

The average price of the dollar against the Egyptian pound, in today’s morning trading, in banks and exchange companies, was recorded at about 15.61 pounds for purchase and about 15.71 pounds for sale.

The euro rose, the pound sterling, the Kuwaiti dinar declined, the Saudi riyal and the Emirati dirham stabilized, according to the average exchange rates in the Egyptian market, on the Central Bank of Egypt website.

The average exchange rate of the dollar in the market stabilized at about 15.606 pounds for purchase, and about 15.706 pounds for sale, for the second day in a row, according to the Central Bank of Egypt website, amid an official holiday for Egyptian banks, on Friday and Saturday.

The highest dollar rate

The price of the dollar against the pound recorded the highest price at about 15.61 pounds for purchase and about 15.71 pounds for sale in 21 banks, including HSBC Bank, Odeh, Abu Dhabi Islamic Bank, Kuwait National, Arab Investment, Egyptian Gulf, Al Ahli United, International Commercial, and Emirates Dubai. the National.

While the price of the dollar settled in the National Bank of Egypt (the largest government bank), at about 15.59 pounds for purchase, and 15.69 pounds for sale, which is the same price in Banque Misr.

The Egyptian market is witnessing stability in the currency market after the government’s success in implementing an economic reform plan, which it started in 2016, with which it was able to improve economic indicators with the testimony of international institutions.

Since the beginning of 2020, and despite the Corona pandemic, the dollar has declined against the Egyptian pound by 20%, in light of an abundance of money supply of foreign currencies, and the success of the policies of the Central Bank of Egypt.

The price of the euro and sterling

The average price of the euro against the Egyptian pound, on the Central Bank website, rose slightly to about 18.566 pounds for purchase, and about 18.686 pounds for sale, compared to about 18.548 pounds for purchase, and about 18.673 pounds for sale, yesterday.

The average price of the pound sterling, against the Egyptian pound, increased to about 20.841 pounds for purchase, and about 20.973 pounds for sale, compared to about 20.825 pounds for purchase, and about 20.952 pounds for sale yesterday.

Real, dirham and dinar prices

On the Central Bank of Egypt website, the average price of the Saudi riyal against the Egyptian pound stabilized at about 4,161 pounds for purchase, and about 4,188 pounds for sale.

The average price of the Emirati dirham stabilized at about 4.24 pounds for sale and 4.27 pounds for purchase.

While the average price of the Kuwaiti dinar decreased to about 51,0157 pounds for purchase, and about 51.4131 pounds for sale, compared to about 51,043 pounds for purchase, and 51,440 pounds for sale yesterday.

The second largest global growth rate

And the International Monetary Fund announced, on Sunday, that the Egyptian economy has the second largest economic growth rate in the world in 2020, with a growth rate of 3.6%, stressing that it exceeds expectations thanks to government measures that have contributed to limiting the repercussions of the pandemic.

According to data from the Central Bank of Egypt, net foreign reserves rose to $ 39.22 billion at the end of October 2020 compared to $ 38.425 billion at the end of September the previous one, an increase of about $ 790 million.

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