US dollar, Euro exchange rates stable in Egyptian banks at start of Wednesday transactions

MENA , Ahram Online , Wednesday 26 Oct 2022

Egypt has witnessed stable exchange rates of the US dollar and the Euro currencies at the beginning of Wednesday transactions at major banks.

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At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate registered EGP 19.65 for buying and EGP 19.71 for selling.

At the Commercial International Bank (CIB), the dollar rate stood at EGP 19.67 for buying and EGP 19.73 for selling.

At the Arab African International Bank, the dollar rate recorded EGP 19.65 for buying and EGP 19.73 for selling.

According to the Central Bank of Egypt (CBE), the average dollar rate at the Egyptian market registered EGP 19.64 for buying and EGP 19.74 for selling.

Since the onset of the Russian-Ukrainian war on 24 February, the Egyptian pound has lost over 20 percent of its value against the US dollar, plunging to a new low amid a shortage in foreign currency.

Regarding the euro price, it recorded EGP 19.54 for buying and EGP 19.67 for selling at Banque Misr and the NBE.

At the CIB, the euro price registered EGP 19.55 for buying and EGP 19.69 for selling.

According to the CBE, the average euro rate at the Egyptian market registered EGP 19.37 for buying and EGP 19.48 for selling.

The pound sterling at the NBE and Banque Misr registered EGP 22.46 for buying and EGP 22.64 for selling.

At the CIB, the pound sterling registered EGP 22.48 for buying and EGP 22.65 for selling.

The Saudi riyal price stood at EGP 5.21 for buying and EGP 5.24 for selling at the NBE. 

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