Dollar
Hariri noted that a large group of customers untied their dollar-saved bank deposits and bought Egyptian pounds to benefit from the proceeds of the one-year certificates offered by the two state-owned banks.
The dollar rate registered LE 18.45 for buying and LE 18.55 for selling at the Commercial International Bank (CIB).
The US dollar exchange rate rose from LE 15.6 for purchase and LE 15.75 for sale.
At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording EGP 15.64 for buying and EGP 15.74 for selling.
That is attributed to economic reforms made by the Central Bank of Egypt and the support of the political leadership that led to more economic and political stability, some banking experts told MENA Thursday.
The Ministry explained that the Authority has provided a number of investment opportunities and projects with an estimated value of the most important at about $1.962 billion in the sectors of the food, engineering and medical industries, information and communication technology, tourism, hotels, restaurants and others.
At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording LE 15.64 for buying and LE 15.74 for selling.
Egypt's foreign cash reserves have been on the rise since June 2020.
At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording LE 15.64 for buying and LE 15.74 for selling.
The euro price registered EGP 18.03 for buying and EGP 18.18 for selling at the Banque Misr and the NBE.
At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable, recording LE 15.64 for buying and LE 15.74 for selling.
At the National Bank of Egypt and Banque Misr, the dollar price recorded EGP 15.64 for buying and 15.74 for selling.
The dollar registered its lowest exchange rate at the National Bank of Egypt, recording EGP 15.60 for buying and EGP 15.70 for selling.
The exchange rate has witnessed a continuous decline since June 2020, to record LE 15.7 in November, to stabilize until February 2021.
The dollar price registered LE 15.56 for buying and LE 15.66 for selling at eight banks.
The dollar price dropped from LE 15.99 for buying and LE 16.09 for selling on January 1 to LE 15.64 for buying and LE 15.74 for selling on October 31.
Spot gold went up 0.8%, recording $1,985.64 per ounce after hitting its highest since August 19 at $1,989.42 earlier in the session.
The dollar rate declined to its lowest rate at Credit Agricole registering LE 15.80 for buying and LE 15.90 for selling
The dollar rate declined to LE 15.88 for buying and LE 15.98 for selling at 11 banks.
The optimistic expectations are backed by the increase in the foreign currency in Egypt due to the return of tourism and foreign investment.
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