The price of the dollar in Egypt today, Thursday, February 18, 2021

The average exchange rate of the dollar against the Egyptian pound increased today, Thursday, February 18, 2021, in banks and exchange companies.

In the Egyptian banking market, the price of the Egyptian pound rose against the euro and the pound sterling, while it fell against the Saudi riyal, the Emirati dirham, and the Kuwaiti dinar.

Dollar exchange rate today

According to a survey by “Al-Ain News” on prices in 29 banks, the average price of the dollar in Egypt rose, today, Thursday, to about 15.58 pounds for purchase and 15.68 pounds for sale.

The annual inflation rate in Egypt decreased to a level that exceeds expectations, taking advantage of the terrible decline in the prices of several commodities, including potatoes and tomatoes.

The rise of the dollar

The average price of the dollar in Egypt rose on the Central Bank of Egypt website, today, Thursday, to 15.59 pounds for purchase, 15.69 pounds for sale, compared to 15.56 pounds for purchase, and 15.66 pounds for sale, on Wednesday.

The highest dollar rate

The price of the dollar in Egypt against the pound recorded the highest price at 15.59 pounds for purchase and 15.69 pounds for sale in 20 banks, including the Emirates NBD, Kuwait National, Odeh, Al-Baraka, Al-Mashreq, HSBC, Cairo, Al-Tijaria International, and Alexandria.

The price of the dollar in Al-Ahly Bank and Egypt stabilized at about 15.57 pounds for purchase, and 15.67 pounds for sale, which is the same price in Banque Misr.

The lowest price for a dollar

While the lowest price of the dollar came at 15.56 pounds for purchase, and 15.66 pounds for sale, in 4 banks, namely, Egyptian Arab Real Estate, Arab Investment, Greek National, and Construction and Housing.

Egypt’s foreign exchange reserves continued their upward journey for the eighth month, after being affected by the repercussions of Corona for a period of 3 months.

The increase in the monetary reserves of Egypt supported the strength of the local currency against the green paper, and also contributed to the stability of the money market and the absence of the parallel market.

Currency rates in Egyptian banks today

Euro and British Pound rates

The average euro exchange rate declined on the Central Bank of Egypt website, today, Thursday, to 18.80 pounds for purchase, and 18.92 pounds for sale, compared to about 18.94 pounds for purchase, and 19.06 pounds for sale, yesterday, Wednesday.

The average exchange rate of the pound sterling has also decreased to about 21.60 pounds for purchase and 21.75 pounds for sale, compared to about 21.68 pounds for purchase and 21.83 pounds for sale.

Real, dinar and dirham rates

The average exchange rate of the Saudi riyal, at the Central Bank of Egypt, rose today, Thursday, to about 4,155 pounds for purchase, 4,182 pounds for sale, compared to 4,149 pounds for purchase and 4,176 pounds for sale.

The average price of the Emirati dirham increased to about 4,243 pounds for purchase and 4,271 pounds for sale, compared to about 4,237 pounds for purchase and 4,265 pounds for sale.

While the average price of the Kuwaiti dinar rose to about 51.48 pounds for purchase, and 51.88 pounds for sale, compared to about 51.42 pounds for purchase, and 51.88 pounds for sale, yesterday.

The economy passes the Corona test

Data from the Egyptian Central Agency for Public Mobilization and Statistics showed that consumer price inflation in Egyptian cities fell to 4.3% year-on-year in January, from 5.4% last December.

Thus, inflation falls below the target levels for the Central Bank of Egypt, at 7%, plus or minus two percentage points.

A document issued by one of the banks arranging the sale of bonds in Egypt in three segments stated that the country expects to collect about 3 billion dollars from the operation.

The Central Bank of Egypt announced that it kept the main interest rates unchanged, to remain the same for 3 months.

The Egyptian Central Bank also announced that the country’s foreign exchange reserves had risen to $ 40.101 billion last January.

According to Reuters, Egypt’s foreign exchange reserves were, at the end of last December, about $ 40.063 billion.

Egypt’s foreign exchange reserves began a rally since last June, after they declined from March to May last year from a high of $ 45 billion, in light of the economic repercussions of the outbreak of the Coronavirus.
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