Home Northern Africa Egyptian currency stable vis a vis Dollar, Euro and Pound

Egyptian currency stable vis a vis Dollar, Euro and Pound

225

(3 minutes read)

  • The US dollar exchange rate against Egyptian currency was stable on Sunday at the start of the year for the fourth month in a row as evidenced  during transactions at Egypt’s major banks.

  • This experts mostly attribute to economic reforms carried out  by the Central Bank of Egypt and in equal measure due to  the support of the political leadership, which paved the way for stability in  economic and political arenas

  •   Inflows of FDI has gone up considerably due to those  factors

The US dollar exchange rate against Egyptian currency was stable on Sunday at the start of the year for the fourth month in a row as evidenced  during transactions at Egypt’s major banks.

This. experts mostly attribute it to economic reforms carried out  by the Central Bank of Egypt and in equal measure due to  the support of the political leadership, which paved the way for stability in  economic and political arenas.  Inflows of FDI have gone up considerably due to those  factors.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate remained stable. It was   LE 15.64 for buying and LE 15.74 for selling. At the Commercial International Bank (CIB), Credit Agricole, HSBC, BLOM Bank Egypt, the  dollar rate also registered LE 15.68 for buying and LE 15.76 for selling.

 The Central Bank of Egypt (CBE) reported that the average dollar rate was LE 15.66 for buying and LE 15.75 for selling. The same stability was also evidenced in the Euro and Pound  prices.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments