US dollar price in Egypt rises Monday morning
- Date: 03-Apr-2023
- Source: Egypt Independent
- Sector:Financial Markets
- Country:Egypt
US dollar price in Egypt rises Monday morning
The global dollar index continued to rise at the beginning of the stock exchange trading on Monday by 0.42 percent, recording US$102.285.
The price of the dollar today in Egyptian banks:
Suez Canal Bank
LE30.85 for purchase
LE 30.95 for sale
Banque du Caire
LE30.85 for purchase
LE 30.95 for sale
Arab African International Bank
LE30.85 for purchase
LE 30.95 for sale
Suez Canal Bank
LE30.85 for purchase
LE 30.95 for sale
ALEXBANK
LE30.85 for purchase
LE 30.95 for sale
Banque Misr
LE30.75 for purchase
LE 30.85 for sale
National Bank of Egypt
LE30.75 for purchase
LE 30.85 for sale
Central Bank of Egypt
LE30.84 for purchase
LE30.96 for sale
The Monetary Policy Committee of the Central Bank of Egypt raised its key interest rates by 200 basis points (bps) on Thursday, setting the overnight lending rate at 19.25 percent and the overnight deposit rate at 18.25 percent.
The Central Bank of Egypt also raised the credit and discount rate by 200 basis points, to reach 18.75 percent.
US dollar price forecast in Egypt
The US Federal Reserve is facing a problem, one of the most important factors of which is the interest rate hike series during 2022, Banking expert, Ahmed Shawky, said.
“If the US Federal Reserve does not fix the interest rate, it will raise by a maximum of 25 basis points, which will attract more investments to