General

The price of the Saudi riyal today in Egypt, Saturday, December 10, 2022.. relative calm

The price of the Saudi riyal stabilized today in Egypt, in trading on Saturday, December 10, 2022, at the Central Bank, commercial banks, and exchange companies.

Egypt currently has about $15 billion in medium- and long-term Arab deposits in the Central Bank of Egypt, according to the latest data of the external situation report issued by the bank, and Saudi Arabia recently announced the renewal of a $5 billion deposit that was owed by Egypt next March.

Saudi Arabia recently announced the extension of the term of a $5 billion deposit with the Central Bank of Egypt, at a medium and long-term interest rate between 1.5% and 2.5%, with the aim of supporting food security in Egypt and economic stability.

Extending the term of the Saudi deposit will help alleviate Egypt’s financing needs next year by more than $35 billion.

The value of trade exchange between Egypt and Saudi Arabia increased to $9.1 billion during 2021, an increase of 62.1%, compared to 2020; The value of trade exchange between the two countries amounted to $5.6 billion, according to data from the Central Agency for Public Mobilization and Statistics in Egypt.

The value of Egyptian exports to Saudi Arabia recorded $2.2 billion in 2021, compared to $1.9 billion in 2020, an increase of 17.3%, while the value of Egyptian imports from Saudi Arabia amounted to $6.9 billion last year, compared to $3.7 billion in 2020, an increase of 84.5%.

Regarding the volume of remittances of Egyptians working in Saudi Arabia, it amounted to $11.2 billion during the fiscal year 2020-2021, compared to $9.6 billion in the fiscal year 2019-2020, an increase of 17%.

The Saudi riyal against the Egyptian pound

The price of the Saudi riyal today in Egypt remained at the beginning of the Central Bank’s transactions, at about 6.fifty three pounds for purchase, and 6.55 pounds for sale.

The price of the Saudi riyal today in Egyptian banks

Abu Dhabi Islamic: 6.54 pounds for purchase – 6.55 pounds for sale

Egyptian Gulf: 6.52 pounds for purchase – 6.56 pounds for sale

Al-Ahly Kuwaiti: 6.fifty three pounds for purchase – 6.55 pounds for sale

Alexandria: 6.51 pounds for purchase – 6.55 pounds for sale

The price of the Saudi riyal against the pound in the National Bank of Egypt

The price of the Saudi riyal did not change today in the transactions of the National Bank of Egypt, to trade stable at 6.52 pounds for purchase, and 6.54 pounds for sale.

The price of the Saudi riyal against the pound in Banque Misr today

The price of the Saudi riyal also stabilized against the Egyptian pound at the beginning of today’s trading in Banque Misr, at about 6.52 pounds for purchase, and 6.54 pounds for sale.

The price of the Saudi riyal today in CIB Bank

Regarding the price of the Saudi riyal in the Commercial International Bank CIB (the largest private bank in Egypt), it settled at 6.52 pounds for purchase, and 6.55 pounds for sale.

The price of the riyal today in Egypt in exchange companies

The average price of the riyal today in exchange companies was about 6.54 pounds for purchase, and 6.56 pounds for sale.

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