The foreign exchange market in Egypt is witnessing a state of stability, in how much the price of the dollar against the Egyptian pound was trading today, Wednesday, at levels between 18.50 and 18.43 pounds for the purchase and 18.59 and 18.53 for the sale.
The dollar price in the Government Bank of Egypt reached £ 18.47 for the purchase and £ 18.53 for the sale. While the dollar exchange rate at the National Bank of Egypt amounted to £ 18.45 for the purchase and £ 18.51 for the sale.
In the Central Bank of Egypt, the dollar exchange rate reached £ 18.46 for the purchase and £ 18.59 for the sale.
The exchange rate of the euro at the National Bank of Egypt recorded a level of 19.55 pounds for the purchase and 19.74 pounds for the sale. In the Bank of Alexandria, he recorded £ 19.54 for the purchase and £ 19.76 for the sale. As for the Central Bank of Egypt, the European currency exchange rate reached £ 19.72 for the purchase and £ 19.81 for the sale.
The Central Bank of Egypt devalued the pound by 14% on March 21, to cope with imported inflationary pressures due to the war situation in Ukraine.
The Central Bank of Egypt stated that reserves fell at the end of March to 37.082 billion dollars, from 40.994 billion dollars at the end of last February. The reserves have held just over $ 40 billion since November 2020.
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