Learn about the price of the euro in Egypt today, Monday, May 24, 2021 … a slight decline

0
24


The price of the euro fell against the Egyptian pound, today, Monday, May 24, 2021, in most banks and the Central Bank of Egypt.

The price of the European euro fell at the Central Bank of Egypt to 19.02 pounds for purchase and 19.14 pounds for sale, compared to 19.06 pounds for purchase and 19.19 pounds for sale, yesterday.

In the National Bank of Egypt (the largest bank in Egypt), the price of the euro varied, as it recorded 18.97 pounds for purchase and 19.21 pounds for sale, compared to 18.99 pounds for purchase and 19.19 pounds for sale, yesterday.

In Banque Misr (the second largest government bank), the euro fell to 19.97 pounds for purchase and 19.21 pounds for sale, compared to 18.99 pounds for purchase and 19.22 pounds for sale, yesterday.

In the Commercial International Bank (the largest private bank in Egypt), the price of the euro varied, as it recorded 18.99 pounds for purchase and 19.23 pounds for sale, compared to 19.02 pounds for purchase and 19.12 pounds for sale, yesterday.

Despite the repercussions of the pandemic, the Egyptian pound has achieved stability against foreign and Arab exchange rates, supported by the continuous increase in monetary reserves since last June.

In early May, Standard & Poor’s International maintained the credit rating of Egypt, in both local and foreign currencies, unchanged at the “B” level, while also maintaining the stable outlook for the Egyptian economy, for the third time in a row since the beginning of the Corona crisis.

According to the international organization, the Egyptian economy can overcome the negative repercussions resulting from the pandemic due to the improvement of the main economic indicators such as the stability of public financial conditions, the presence of a large and reassuring foreign exchange reserve, in addition to the government’s continued implementation of financial, economic and structural reforms that would improve the business operating environment. And to ensure the sustainability of economic indicators conditions.

For his part, Dr. Mohamed Maait, Egyptian Minister of Finance, said that Standard & Poor’s decision reflects the continued confidence of international institutions and credit rating institutions in the resilience of the Egyptian economy and its ability to positively and flexibly deal with the repercussions of the pandemic, compared to countries with similar or higher credit ratings, at a time when it has deteriorated. The economic conditions in most of the peer and emerging countries.

Dollar and sterling prices

The price of the dollar in the Central Bank of Egypt decreased to 15.61 pounds for purchase and 15.71 pounds for sale, compared to 15.62 pounds for purchase and 15.72 pounds for sale, yesterday.

While the price of the pound sterling at the Central Bank of Egypt varied, as it recorded 22.09 pounds for purchase and 22.24 pounds for sale, compared to 22.07 pounds for purchase and 22.22 pounds for sale, yesterday.

Real, dirham and dinar prices

The price of the Saudi riyal at the Central Bank of Egypt settled at 4.16 pounds for purchase and 4.19 pounds for sale.

The price of the Emirati dirham in the Egyptian Central Bank fell to 4.25 pounds for purchase and 4.27 pounds for sale, compared to 4.25 pounds for purchase and 4.28 pounds for sale, yesterday.

The Kuwaiti dinar price varied at the Central Bank, where it recorded 51.91 pounds for purchase and 52.26 pounds for sale, compared to 51.89 pounds for purchase and 52.35 pounds for sale, yesterday.





LEAVE A REPLY

Please enter your comment!
Please enter your name here