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The price of the Saudi Riyal today in Egypt, Wednesday, March 16, 2022

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The price of the Saudi riyal against the Egyptian pound stabilized today Wednesday, March 16, 2022 in exchange companies.

The price of the Saudi riyal today in Egypt

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

According to a survey conducted by “Al-Ain News” on prices in 23 banks, the average price of the Saudi riyal was about 4.13 pounds for buying and 4.20 pounds for selling.

And the Saudi riyal posted the highest buying price, around 4.18 pounds, at Kuwait’s Commercial International Bank and Al-Ahly.

While the highest price to sell the riyal occurred, around EGP 4.21, at the Greek National Bank, Housing and Development, the Arab African Development Banks and Egypt-Iran.

While the price of the Saudi riyal against the Egyptian pound in the National Bank of Egypt and Banque Misr, is around 4.18 pounds for purchase, and 4.19 pounds for sale.

$5 billion investment in green ammonia

Egypt has signed an agreement with the Norwegian “Scatec” for renewable energy, to produce green ammonia worth 5 billion dollars.

In a statement, the Egyptian Cabinet said the government had signed a memorandum of understanding with Norwegian renewable energy company “Scatec” to build the first green ammonia plant in the Suez Canal economic zone.

He added that the green ammonia plant near the Red Sea port and industrial zone in Ain Sukhna will have a production capacity of one million tons per year, with the possibility of expanding to 3 million tons.

A joint statement issued by the company “Scatec” said that the plant is expected to start production in 2025 and that the green ammonia will be exported mainly to European and Asian markets, where the demand for clean ammonia is growing rapidly.

Prices of the dollar, the euro 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 around 15.66 pounds for purchase and 15.75 pounds for sale.

While the average price of the European euro rose, according to the website of the Central Bank of Egypt, to about 17.21 pounds for buying and 17.32 pounds for selling, compared to about 17.15 pounds for buying and 17 .26 pounds for sale yesterday.

The average price of the pound sterling, in the banking market, according to the Central Bank of Egypt, increased to about 21.45 pounds for purchase, and 21.58 pounds for sale, compared to about 20.42 pounds for purchase, and 20 £.55 for sale, yesterday .

Dirham and dinar prices today in Egypt

The average price of the United Arab Emirates dirham, according to the website of the Central Bank of Egypt, was around 4.26 pounds for buying and 4.29 pounds for selling.

While the average price of the Kuwaiti dinar rose, according to the website of the Central Bank of Egypt, to around 51.47 pounds for buying and 51.89 pounds for selling, compared to 51.41 pounds for buying and the £51.86 for sale yesterday.

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