2023-08-07 20:56:32
In light of the accelerating economic events, many people are witnessing an increasing interest in following the price of the dollar against the Egyptian pound, especially after the recent decision issued by the Central Bank regarding interest rates. recent dollar value. The index recorded 102.04 points by the end of the day, down from 102.60 points the previous day, 99.7 points in July, and 104.19 points in June, with the highest point recorded at 114 points in late 2022.
The price of the dollar in Egyptian banks
On the local level, many continue to follow the updates of the daily rate of the dollar in Egypt, as the prices varied in different banks. Banque Misr, for example, provided a buying price of 30.75 pounds, and a selling price of 30.85 pounds, while the National Bank of Egypt recorded a buying price of 30.75 pounds and a selling price of 30.85 pounds.
On the other hand, the Egyptian Gulf Bank and the Suez Canal Bank were distinguished by their recording the highest price of the dollar in banks, as the buying price reached 30.85 pounds and the selling price was 30.95 pounds.
The central bank and its decision on interest rates
In an unexpected move, the Central Bank of Egypt raised the rates of the return on deposit and lending for one night and the rate of the main operation of the bank by 100 basis points, bringing the interest rate to 19.25%, 20.25% and 19.75%, respectively, and the credit and discount rate were raised by 100 points. basis to reach 19.75%.
In light of this decision, the price of the dollar witnessed a decline against the Egyptian pound in the Central Bank, as the purchase price reached 30.83 pounds, and the selling price reached 30.95 pounds.
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