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The price of the dollar today in Egypt, Friday, March 25, 2022… 6 piasters, a decrease

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The price of the dollar continued to fall in Egypt today, losing about 6 piasters, on Friday, March 25, 2022, at exchange houses and ATMs.

Friday and Saturday are official holidays for Egyptian banks.

And for the second day, the price of the dollar in Egypt falls, as the Central Bank of Egypt raised the interest rate last Monday and corrected the price of the Egyptian pound.

What the Egyptian pound lost in value against the dollar fell to just around 16.60% at the start of Friday’s trading in the Egyptian banking market, compared to its losing around 16.98% in value against the dollar at the start of trading on Thursday. .

Prices of the remaining major foreign and Arab currencies also declined against the Egyptian pound in Friday’s trading at exchanges and ATMs.

The price of the dollar today in Egypt

The average price of the dollar in Egypt, according to data from the Central Bank of Egypt, fell to about 18.26 pounds for buying and 18.36 pounds for selling, compared to about 18.32 pounds for buying and 18.42 pounds for sale, yesterday.

According to an “Al-Ain News” survey of prices in 29 banks, the average price of the dollar reached 18.26 pounds for purchase and 18.36 pounds for sale.

The highest price of the dollar today in Egypt

The highest price of the dollar was around 18.32 pounds for buying and 18.42 pounds for selling, at the Islamic Bank of Abu Dhabi and the Blom Bank of Egypt.

The price of 18.25 pounds to buy and 18.35 pounds to sell dominated dollar trading at 10 banks, including Commercial International, Alexandria, Al-Baraka, HSBC and the Arab International Bank.

While the price of the dollar in Al-Ahly Bank and Egypt registered around 18.28 pounds for purchase and 18.38 pounds for sale, which is the lowest price of the dollar in Egypt.

What do Egyptians gain from the IMF program?

Egyptian Prime Minister Mostafa Madbouly revealed the details of his country’s request for new funds from the International Monetary Fund and the extent of its impact on the people.

In press releases, Madbouly said that the cooperation with the IMF confirms the strength of the Egyptian economy and the confidence of the international financial institutions in Egypt.

The Egyptian Prime Minister emphasized that the Egyptian people will not bear any burden from the new cooperation with the IMF.

Madbouly stated that despite the current conflict, the economic crisis in Egypt is less than in other countries and the Egyptian citizen bears less than other countries, and did not bear all the burdens resulting from the war, and the state absorbed much of the impact. and the other part in the citizen, because the State cannot withstand any shock in the medium term.

Egypt has turned to the International Monetary Fund for support to implement its comprehensive economic program, according to a statement from the International Monetary Fund on Wednesday.

The Egyptian government had previously announced several decisions to limit the effects of the pound’s float following the decision to increase the interest rate by 1%.

The decisions included the allocation of 130,000 million pounds to deal with these repercussions, as well as the decision to issue a new one-year savings certificate with an annual interest rate of around 18%, in addition to a series of other measures. .

The price of the euro and the British pound today in Egypt

The average price of the European euro decreased, according to the website of the Central Bank of Egypt, to about 20.05 pounds for buying and 20.16 pounds for selling, compared with 20.13 pounds for buying and 20 .24 pounds for sale yesterday.

The average price of the pound sterling in the banking market, according to the Central Bank of Egypt, also fell to about 24.09 pounds for buying, and 24.23 pounds for selling, compared to about 24.17 pounds for buying, and 24 ,31 pounds for sale, yesterday .

The prices of the riyal, dirham and dinar today in Egypt

The average price of the Saudi riyal decreased, according to the website of the Central Bank of Egypt, to about 4.87 pounds for buying and 4.89 pounds for selling, compared with 4.88 pounds for buying and 4 £.91 for sale yesterday.

The average price of the United Arab Emirates dirham, in the banking market, according to the Central Bank of Egypt, also decreased to about 4.97 pounds for buying and 5.00 pounds for selling, compared to 4.98 pounds for buying and 5.01 pounds for selling yesterday. .

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