Updated Sunday 12/25/2022 10:45 AM Abu Dhabi time The price of the Saudi riyal stabilized against the pound today in Egypt, on Sunday morning, December 25, 2022, in anticipation of the return of bank transactions after the Egyptian Central Bank raised the interest rate by 3%. Today, Sunday, Egyptians are anticipating the consequences of the exchange rate of the dollar and the rest of the currencies in the Egyptian market after the return of banks from the weekly holiday, following the Central Bank’s decision to raise the interest rate. The volume of Saudi investments in Egypt amounted to about $32 billion through more than 6,800 Saudi companies, according to the latest report issued by the Federation of Saudi Chambers of Commerce. 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. Saudi Arabia has pledged $10 billion in investments in sectors such as health care, education and agriculture. It has already acquired state-owned stakes in 4 Egyptian companies listed on the stock exchange for $1.3 billion and has deposited $5 billion in the country’s central bank, helping to ease Egypt’s financing needs next year by more than $35 billion. 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. Egypt waives the ports of the Nile River in favor of a foreign country..the government reveals the truth The price of the Saudi riyal against the Egyptian pound The price of the Saudi riyal settled today in Egypt at the beginning of the Central Bank’s transactions, Sunday, December 25, 2022, recording 6.55 pounds for purchase, and 6.58 pounds for sale , the same prices as yesterday. The price of the Saudi riyal today in Egyptian banks Abu Dhabi Islamic: 6.57 pounds for purchase – 6.58 pounds for sale Egyptian Gulf: 6.55 pounds for purchase – 6.58 pounds for sale Al-Ahly Kuwaiti: 6.56 pounds for purchase – 6.58 pounds for sale Alexandria: 6.55 pounds for purchase – 6.58 pounds for sale after raising interest rates .. Egypt awaits investment certificates with a greater savings return. The price of the Saudi riyal against the pound in the National Bank of Egypt. The price of the Saudi riyal stabilized in the transactions of the National Bank of Egypt today, Sunday, at the level of 6.55 pounds for purchase, and 6.56 pounds for sale. The price of the Saudi riyal against the pound in Banque Misr today, and the price of the Saudi riyal today, Sunday, in morning trading at Banque Misr, maintained its level at 6.55 pounds for purchase, and 6.56 pounds for sale. The price of the Saudi riyal today in CIB Bank, and the price of the Saudi riyal in the Commercial International Bank CIB (the largest private bank in Egypt), did not change, to trade stable at 6.54 pounds for purchase and 6.58 pounds for sale. The price of the riyal today in Egypt in exchange companies, and the average price of the riyal today in exchange companies recorded about 6.55 pounds for purchase, and 6.58 pounds for sale.
December 27, 2022
4 weeks ago