The price of the dollar drops by 3 piasters against the pound, and it hits 15.73 pounds

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The price of the dollar continued to decline today, Monday 20-20-2020 against the Egyptian pound in some operating banks compared to morning transactions, where its price in the National Bank of Egypt recorded 15.76 pounds for purchase and 15.86 pounds for sale to buy, compared to the morning price of 15.79 pounds for purchase, 15.89 pounds for sale, And registered in the Commercial International Bank cib Registered 15.73 pounds for purchase and 15.83 pounds for sale to buy, compared to the price of the morning 15.76 pounds for purchase, 15.86 pounds for sale.

The dollar recorded the following prices in some banks compared to morning dealings:

The price of the dollar in the Egyptian Central Bank

15.77 pounds for purchase.

15.87 pounds for sale.

The price of the dollar in the National Bank of Egypt

15.76 pounds for purchase, compared to 15.79 pounds in the morning, at 3 piasters.

15.86 pounds for sale, compared to 15.89 pounds in the morning, down 3 piasters.

The price of the dollar in Abu Dhabi Islamic Bank

15.76 pounds for purchase, compared to 15.78 pounds in the morning, with two piasters lower.

15.86 pounds for sale, compared to 15.88 pounds in the morning, down two piasters.

The price of the dollar in CIB

15.73 pounds for purchase, compared to its price in the morning 15.76 pounds, down 3 piasters.

15.83 pounds for sale, compared to 15.86 pounds in the morning, down 3 piasters.

The price of the dollar in Bank of Alexandria

15.74 pounds to buy, compared to 15.77 pounds in the morning, down 3 piasters.

15.84 pounds for sale, compared to 15.87 pounds in the morning, down 3 piasters.

The price of the dollar in Banque Misr

15.76 pounds for purchase, compared to 15.79 pounds in the morning, at 3 piasters.

15.86 pounds for sale, compared to 15.89 pounds in the morning, down 3 piasters.

The price of the dollar in Bank Audi

15.75 pounds to buy, compared to 15.78 pounds in the morning, down 3 piasters.

15.85 pounds for sale, compared to 15.88 pounds in the morning, down 3 piasters.

The price of the dollar in the Suez Canal Bank

15.73 pounds for purchase, compared to 15.76 pounds in the morning, at 3 piasters.

15.83 pounds for sale, compared to 15.86 pounds in the morning, down 3 piasters.

The price of the dollar in the Arab African International Bank

15.74 pounds to buy, compared to 15.77 pounds in the morning, down 3 piasters.

15.84 pounds for sale, compared to 15.87 pounds in the morning, down 3 piasters.

The price of the dollar in Banque du Caire

15.76 pounds for purchase, compared to 15.78 pounds in the morning, with two piasters lower.

15.86 pounds for sale, compared to 15.88 pounds in the morning, down two piasters.

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 their stability in international markets, and they change According to a plan developed by officials of the Central Bank of Egypt.

The primary 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 within the framework of progress and improvement of Egyptian economy indicators significantly over the past period, the price of the pound against the dollar has reversed during the past months With the rise of the local currency against its American counterparts, 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.

The exchange rate in Egyptian banks is determined according to the mechanism of supply and demand, and the higher the dollar supply and the decrease in demand for it, the lower the dollar price.



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