US dollar price continues to stabilize across Egypt
- Date: 10-Apr-2023
- Source: Egypt Independent
- Sector:Financial Services
- Country:Egypt
US dollar price continues to stabilize across Egypt
On Monday the price of the US dollar continued to stabilize across Egyptian banks for the fourth consecutive week.
Globally, the dollar index recorded a new rise in the stock exchange by 0.11 percent.
Daily update on the price of the dollar in Egypt:
Al-Masry Al-Youm reviews the price of the dollar today in the National Bank, Central Bank and the rest of the Egyptian banks:
Banque Misr
LE30.75 for purchase
LE30.85 for sale
National Bank of Egypt
LE30.75 for purchase
LE30.85 for sale
Central Bank of Egypt
LE30.83 for purchase
LE30.96 for sale
Commercial International Bank
LE30.85 for purchase
LE 30.95 for sale
Suez Canal Bank
LE30.85 for purchase
LE30.95 for sale
Housing Development Bank
LE30.85 for purchase
LE30.95 for sale
Arab African International Bank
LE30.85 for purchase
LE30.95 for sale
Banque du Caire
LE30.85 for purchase
LE30.95 for sale
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 the dollar,” he added.
In televised statements, Shawky explained that this step would negatively affect the performance of other currencies worldwide, especially emerging markets.
Shawky continued, in televised statements,