The price of the pound sterling today in Egypt varied in dealings on Saturday, December 10, 2022, at the Central Bank, banks, and money changers.
The expectations of financial market experts within the framework of the flexible exchange rate system adopted by the Central Bank of Egypt since October 27, 2022, indicate that the pound sterling will continue its rise, albeit by a slight price margin, against the Egyptian pound during the coming days, in light of the scarcity of foreign currencies in The Egyptian market during the recent period.
Britain is a major strategic partner of Egypt. Egypt’s exports to the United Kingdom increased, during the first eight months of this year, by 77.6% compared to the same period in 2021, and British exports to Egypt increased by 34.6% during 2021, which indicates the existence of real opportunities to develop the volume of trade exchange. As well as the importance of rapid growth in our economic relations.
Britain is also the leading foreign investor according to the shares of foreign direct investment in the Egyptian market, with about 1,640 operating companies, including British investments covering many sectors such as services, energy, manufacturing and finance.
The price of the pound sterling in the Central Bank of Egypt
The price of the pound sterling fell today in Egypt, at the beginning of the Central Bank’s transactions, to about 29.88 pounds for purchase, and 29.98 pounds for sale, compared to 29.90 pounds for purchase, and 30.01 pounds for sale, yesterday.
The price of the British pound against the Egyptian pound on the black market
The price of the pound sterling against the Egyptian pound in Al-Sawda increased by more than 5 pounds from the official price, to approach the levels of 36 pounds.
The price of the pound sterling today in Egyptian banks
Abu Dhabi Islamic: 29.98 pounds for purchase – 30.10 pounds for sale
Egyptian Gulf: 29.91 pounds for purchase – 30.16 pounds for sale
Al-Ahly of Kuwait: 29.88 pounds for purchase – 30.10 pounds for sale
Alexandria: 29.87 pounds for purchase – 30.10 pounds for sale
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The price of the pound sterling in the National Bank of Egypt
The price of the pound sterling stabilized in today’s trading at the National Bank of Egypt, recording 29.83 pounds for purchase, and 30.08 pounds for sale, which are the same as yesterday’s prices.
The price of the pound sterling in Banque Misr
The price of the sterling pound in Banque Misr also stabilized, at the beginning of today’s trading, at about 29.83 pounds for purchase, and 30.03 pounds for sale.
The price of the pound sterling in CIB Bank
The price of the British pound against the Egyptian pound varied today in the Commercial International Bank CIB (the largest private bank), as it rose to about 29.88 pounds for purchase, and fell to 30.09 pounds for sale, compared to 29.86 pounds for purchase, and 30.10 pounds for sale, yesterday.
The price of sterling today in Egypt in exchange companies
The average price of sterling today in exchange companies recorded about 29.87 pounds for purchase, and 30.18 pounds for sale.