Find out the price of the euro in Egypt today

The price of the euro stabilized against the Egyptian pound, today, Sunday, July 18, 2021, in most banks, and in the Central Bank of Egypt.

Today is the first day of official dealings, after a weekly holiday that lasted on Friday and Saturday, but it is also the last day before the start of a long holiday from tomorrow until next Saturday on the occasion of the blessed Eid al-Adha.

The average price of the European euro in Egypt with the Central Bank of Egypt settled at 18.46 pounds for purchase and 18.58 pounds for sale, which are the same prices as yesterday.

At the National Bank of Egypt (the largest governmental bank), the price of the European euro stabilized at 18.43 pounds for purchase and 18.62 pounds for sale.

In Banque Misr (the second largest bank in Egypt), the euro recorded 18.42 pounds for purchase and 8.58 pounds for sale.

At the Commercial International Bank (the largest private bank in Egypt), the euro recorded 18.46 pounds for purchase and 18.65 pounds for sale.

The stability of the euro comes while Egypt received about 26 billion dollars from its citizens working abroad, during 10 months, which is a higher number compared to the same period, despite the pandemic.

The Central Bank of Egypt said that remittances from workers abroad increased by 10.5% on an annual basis in the first 10 months of the last fiscal year 2020/2021.

The fiscal year in Egypt begins in early July and ends in June of the following year, according to Egypt’s budget law.

Remittances from Egyptians amounted to about $25.8 billion during the period from July 1, 2020, until April 2021, compared to about $23.4 billion reached in the same period of the fiscal year 2019/2020.

Weeks ago, the Monetary Policy Committee of the Central Bank of Egypt decided to fix interest rates, and the bank expected that global economic activity would continue to recover from the “Covid-19” pandemic.

He pointed out that preliminary figures show that Egypt’s real GDP growth amounted to 2.9% during the first quarter of 2021, up from 2% during the previous quarter.

“The real GDP growth rate is expected to rise, partly driven by the positive impact of the base year,” the bank said.

And the Egyptian Ministry of Finance expected, in the budget of the next fiscal year, which begins on the first of next July, that economic growth will rise to 5.4% in the next fiscal year 2021-2022, from the expected rate for the current year, which is 2.8%.

Dollar and sterling rates

The average price of the dollar at the Central Bank of Egypt settled at 15.64 pounds for purchase and 15.73 pounds for sale, which are the same prices as yesterday.

The average price of the pound sterling remained constant at 21.66 pounds for purchase and 21.80 pounds for sale, which are the same prices as yesterday.

The riyal, the dirham, and the dinar

The average price of the Saudi riyal, at the Central Bank of Egypt, settled at 4.17 pounds for purchase, and 4.19 pounds for sale.

At the National Bank of Egypt (the largest bank in Egypt), the price of the Saudi riyal settled at 4.16 pounds for purchase and 4.19 pounds for sale.

The same rate was repeated in Banque Misr (the second largest bank in Egypt) and in the Commercial International Bank (the largest private bank in Egypt).

The average price of the Emirati dirham reached 4.257 pounds for purchase and 4.285 pounds for sale, which are the same prices as yesterday.

The average price of the Kuwaiti dinar stabilized at 51.95 pounds for purchase and 52.41 pounds for sale.
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