04:20 PM
Monday 26 September 2022
I wrote – Sherine Salah:
The exchange rate of the dollar against the pound rose today, Monday, in 7 banks during trading, compared to its level in the morning, while the price stabilized in Al Baraka Bank.
According to central bank data today, Monday, the dollar exchange rate against the pound recorded 19.46 pounds for purchase, and 19.54 pounds for sale, to record its highest level in history against the pound.
This is the first move in the price of the dollar against the pound after the Central Bank of Egypt’s decision last Thursday to raise the mandatory cash reserve ratio of deposits on banks to 18% instead of 14%.
The decision to raise the mandatory reserve came with his decision to fix interest rates for the third time in a row during the Monetary Policy Committee’s meeting at 11.25% for deposits and 12.25% for lending.
Masrawy monitors the price of the dollar against the pound in 10 banks at the end of today’s trading, comparing it to the end of yesterday’s trading.
Dollar prices today
The National Bank of Egypt: 19.46 pounds for purchase, and 19.52 pounds for sale, with an increase of two piasters for buying and selling.
Banque Misr: 19.46 pounds for purchase, and 19.52 pounds for sale, with an increase of two piasters for buying and selling.
Bank of Alexandria: 19.49 pounds for purchase, and 19.54 pounds for sale, with an increase of two piasters for buying and selling.
Banque du Caire: 19.48 pounds for purchase, and 19.54 pounds for sale, with an increase of two piasters for buying and selling.
Commercial International Bank: 19.48 pounds for purchase, and 19.54 pounds for sale, with an increase of two piasters for buying and selling.
Arab African Bank: EGP 19.46 for buying, and EGP 19.54 for selling, with an increase of two piasters for buying and selling.
Suez Canal Bank: 19.44 pounds for purchase, and 19.54 pounds for sale, with an increase of two piasters for buying and selling.
Abu Dhabi Islamic Bank: 19.49 pounds for purchase, and 19.52 pounds for sale.
Credit Agricole Bank: 19.45 pounds for purchase, with an increase of 3 piasters, and 19.52 pounds for sale.
Al Baraka Bank: 19.42 pounds for purchase, and 19.52 pounds for sale.
You can follow up on foreign and Arab currency rates throughout the day on this service, which is provided by Masrawy: Exchange Rates