US dollar price stabilizes on Wednesday in Egypt ahead CBE meeting

US dollar price stabilizes on Wednesday in Egypt ahead CBE meeting

On Wednesday, December 21, the price of the US dollar stabilized against the Egyptian pound.

This happened in most banks operating in Egypt, ahead of a meeting for the Central Bank of Egypt’s Monetary Policy Committee meeting, on Thursday.

The price of the dollar Wednesday, at Egyptian banks, was as follows:

Central Bank of Egypt

LE24.66 for purchase

LE 24.74 for sale

Banque Misr

LE24.64for purchase

LE 24.69 for sale

National Bank of Egypt

LE24.64 for purchase

LE 24.69 for sale

The price of the Saudi riyal at the CBE:

LE6.56 for purchase

LE6.59 for sale

The price of the Kuwaiti dinar at the CBE:

LE80.62 for purchase

LE 80.91 for sale

The price of the UAE dirham at the CBE:

LE6.72 for purchase

LE6.74 for sale

The price of the euro at the CBE:

LE26.27 for purchase

LE26.36 for sale

The price of the pound sterling at the CBE:

LE30.0 for purchase

LE30.11 for sale

The Monetary Policy Committee of the Central Bank of Egypt will hold its last meeting before the end of 2022, on Thursday.

Many analysts expect that policy makers will raise interest rates to support the Egyptian pound against the dollar and other foreign currencies, and to curb rising inflation.

The CBE issued a statement, on Thursday, November 3, announcing reform measures to ensure macroeconomic stability and achieve sustainable and comprehensive economic growth, floating