decreased Arab currency ratesAt the conclusion of transactions, today, Saturday, April 2, 2022, against the Egyptian pound in banks operating in the local market and exchange companies.
The price of the Saudi riyal recorded about 4.85 pounds for purchase, 4.88 pounds for sale, while the Kuwaiti dinar decreased slightly to record 57.68 pounds for purchase, 60.29 pounds for sale, and the price of the Emirati dirham scored about 4.96 pounds for purchase, and 4.99 pounds for sale.
It should be noted that the US currency recorded its strongest annual gain (+6.37%) in 6 years due to investors’ aversion to risk during the year as a result of the continued spread of the epidemic, and due to the Federal Reserve’s tendency to tighten monetary policy, which was supported by high inflation data and data. Strong employment, moreover, fueled inflation fears, and increased expectations of the Federal Reserve’s tightening of monetary policy from the currency appreciation this year.