After the decisions of the Central Bank of Egypt to raise the interest rate on deposits, withdrawals and lending, the price of the Saudi riyal rose against the Egyptian pound in Egyptian banks and the black market, which led to the preoccupation of many investors and residents in Saudi Arabia with the price of the new riyal today. Follow us to learn more about the price of the riyal and the Egyptian pound in Black markets and banks.
The prices of the Saudi riyal and the Egyptian pound on the black market and in banks
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Today, there was a noticeable rise in the price of the Saudi riyal against the Egyptian pound in Egyptian banks, and the riyal gained the first attention from traders and speculators due to the fluctuation of currency rates in the black market.
This is because the price of the riyal today reached 8.55 for purchases, and the equivalent of 8.59 pounds for sales in Egyptian and Saudi banks, and the price differs only between the buying and selling cases from one bank to another.
As for the price of the Egyptian pound today against the dollar in Egyptian banks, it exceeded 32 Egyptian pounds for the purchase process, and 32.10 Egyptian pounds for the sale process.
While the dollar witnessed a remarkable increase against the Egyptian pound on the black market, where its price reached 34 Egyptian pounds for the purchase process, and 32 Egyptian pounds for the sale process.
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