US dollar price stabilizes on Wednesday in Egypt ahead CBE meeting
- Date: 21-Dec-2022
- Source: Egypt Independent
- Sector:Financial Markets
- Country:Egypt
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