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The price of the euro today in Egypt, Thursday, March 17, 2022.. an unstoppable rise

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The price of the European euro rose against the Egyptian pound, today, Thursday, March 17, 2022, in banks and exchange houses.

The price of the euro today in Egypt

The average price of the European euro increased, according to the website of the Central Bank of Egypt, to about 17.23 pounds for buying and 17.37 pounds for selling.

According to an “Al-Ain News” survey of prices in 23 banks, the average price of the European currency was 17.29 pounds for purchase and 17.47 pounds for sale.

The highest price to buy and sell the euro was at various banks, including the Egypt Arab Land Bank, Al Baraka and Bloom Egypt, at 17.73 pounds for buying and 17.87 pounds for selling.

While the euro registered in the National Bank of Egypt and Egypt about 17.09 pounds for purchase, and 17.34 pounds for sale, which is the lowest price of the euro in Egypt.

Russian and Ukrainian wheat increase reserves

Egypt completed the shipment of 189,000 tons of Russian, Ukrainian and Romanian wheat, and ships loaded with wheat are scheduled to arrive at Egyptian ports in the coming days.

The contracted quantities include about 63 thousand tons of Russian wheat, 63 thousand tons of Romanian wheat, in addition to 63 thousand tons of Ukrainian wheat.

According to the statement from the Ministry of Supply and Internal Trade of Egypt, two shipments of wheat worth 126 thousand tons of wheat have already arrived, the first includes 63 thousand tons of French wheat and the second includes 63 thousand tons of Romanian wheat. .

The ministry said this confirms the regularity of the imported wheat supply chain contracted from multiple origins, thus enhancing the strategic wheat reserve.

And last Wednesday, Egyptian Prime Minister Mostafa Madbouly said that Egypt has a strategic reserve of wheat sufficient for 4 months, and that the government will not have to go to the global market to buy shipments before the end of the year.

He added that the Egyptian government intends to buy between 5 and 5.5 million tons of local wheat, through the delivery of new incentives to farmers, which will be announced in the coming days.

Egypt, which is the world’s largest wheat importer, has relied on Russian and Ukrainian production for most of its wheat imports and, since the start of the Russian military operation in Ukraine, has canceled two international tenders to buy wheat.

Prices of the dollar and the pound sterling today in Egypt

The average price of the dollar in the banking market, according to the website of the Central Bank of Egypt, stabilized at 15.66 pounds for purchase and 15.75 pounds for sale.

While the average price of the pound sterling in the banking market, according to the Central Bank of Egypt, registered about 20.50 pounds for the purchase, 20.67 pounds for the sale.

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

The average price of the Saudi riyal, according to the website of the Central Bank of Egypt, stabilized at around 4.17 pounds for buying and 4.20 pounds for selling.

The average price of the United Arab Emirates dirham in the banking market, according to the Central Bank of Egypt, remained stable at around 4.26 pounds for buying and 4.29 pounds for selling.

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