The dollar continues to lose against the pound, and loses 4 piasters today … and records 15.77 pounds

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Today, Thursday 16-1-2020, the dollar witnessed a significant decrease of 4 piasters against the Egyptian pound in some banks operating in Egypt against yesterday’s prices, including the Central Bank of Egypt recording 15.79 pounds for purchase and 15.92 pounds for sale, and the Arab African International Bank registered 15.77 pounds for purchase, 15.87 Pounds for sale.

The dollar recorded the following prices in some banks compared to yesterday’s transactions:

The price of the dollar in the Arab African International Bank

15.77 pounds for purchase, compared to yesterday’s price of 15.83 pounds, down 6 piasters.

15.87 pounds for sale, compared to yesterday’s price of 15.93 pounds, down 6 piasters .


The price of the dollar in the Egyptian Central Bank

15.79Pounds to buy, compared to yesterday, 15.81 pounds, down two piasters.

15.92Pounds for sale, compared to yesterday, 15.94 pounds, down two piasters.

The price of the dollar in the National Bank of Egypt

15.80Pounds to buy, compared to yesterday, 15.85 pounds, down 5 piasters.

15.90EGP for sale, yesterday 15.95 pounds, down 5 piasters.

The price of the dollar in CIB

15.78 Pounds to buy, compared to yesterday, 15.83 pounds, down 5 piasters.

15.88 EGP for sale, compared to yesterday’s price of 15.93 EGP, down 5 piasters.

The price of the dollar in Bank of Alexandria

15.78 Pounds for purchase, compared to yesterday’s price of 15.83 pounds, down 5 piasters

15.88 Pounds for sale, compared to yesterday’s price of 15.93 pounds, down 5 piasters.

The price of the dollar in Bank Audi

15.78 pounds to buy, compared to 15.83 pounds yesterday, a decrease of 5 piasters

15.88 pounds for sale, compared to 15.93 pounds yesterday, a decrease of 5 piasters

The price of the dollar in the Suez Canal Bank

15.78 pounds for purchase, compared to yesterday’s price of 15.81 pounds, down 3 piasters.

15.88 pounds for sale, compared to yesterday’s price 15.91, down 3 piasters.

The price of the dollar in Banque Misr

15.82 pounds to buy, compared to 15.85 pounds yesterday, a decrease of 3 piasters

15.92 pounds for sale, compared to yesterday, 15.95 pounds, down 3 piasters

The price of the dollar in Banque du Caire

15.80 pounds to buy, compared to 15.83 pounds yesterday, a decrease of 3 piasters.

15.90 pounds for sale, compared to 15.93 pounds yesterday, a decrease of 3 piasters.

The price of the dollar in Abu Dhabi Islamic Bank

15.87 Pounds to buy.

15.97 Pounds for sale.

Foreign currencies in Egypt’s foreign reserves consist of a basket of the main international currencies, which are the US dollar, the single European currency, the euro, the British pound, the Japanese yen, and the Chinese yuan, a percentage of which Egypt’s holdings are distributed on the basis of the exchange rates of these currencies and the extent of their stability in international markets, and they change According to a plan developed by officials of the Central Bank of Egypt.

The main function of the foreign exchange reserves at the Central Bank, with its components of gold and various international currencies, is to provide basic commodities and pay the premiums and benefits of foreign debt, and to confront economic crises, in exceptional circumstances, with resources affected by hard currency-generating sectors, such as exports, tourism and investments, Because of the turmoil, however, other sources of hard currency, such as remittances from Egyptians abroad that have reached a record level, and the stability of the Suez Canal revenues, contribute to supporting the reserve in some months..

The price of the currency is a “thermometer” the performance of the economies of countries. When dollar flows and capital occur in hard currency, this supports the strength of the currency, and in the context of progress and improvement of the Egyptian economy indicators significantly over the past period, the price of the pound against the dollar was reversed during the past months The rise of the local currency against its American counterparts, and this performance is expected to continue during the coming period, with the progress of economic indicators and the improvement of 5 basic dollar resources for Egypt.



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