Today, Thursday, the Saudi rial hit a new high against the Egyptian pound in early trading today, with the Saudi rial gaining on buying and selling in Egyptian banks.
The price of the Saudi riyal in state banks, namely in the National and Egyptian banks, reached 6.54 pounds when buying and 6.56 pounds when selling, while its price in Faisal Islamic Bank reached about 6.54 pounds when buying and 6 .58 pounds on sale.
In the same context, the price of the Kuwaiti dinar rose in Egyptian banks against the Egyptian pound, fixing the maximum price in anticipation of the decisions of the Central Bank of Egypt. The price of the Kuwaiti dinar in the National Bank of Egypt fixed the level of 77.27 pounds for buying and 80.09 pounds for selling.
While the price of the Emirati dirham reached 6.69 pounds when buying and 6.70 pounds when selling, and the price of the Bahraini dinar reached 63.49 pounds when buying and 65.31 pounds when selling, and the price of the Qatari rial reached 6.30 pounds at the time of buying. and 6.73 pounds, while the price of the Jordanian dinar reached 34.17 pounds when buying and 34.71 pounds when selling.
This increase comes amid news of a new placement of the Egyptian pound against the dollar as the dollar is expected to rise significantly against the Egyptian pound in the coming days.
Source: Egyptian media