Friday 22/November/2024 – 08:03 AM
Average price stabilized Dollar Against the pound, today, Friday, November 22, 2024, in banks operating in the banking sector, after the Central Bank’s recent decisions to fix interest rates at 27.25% for deposits and 28.25% for lending operations.
The price of the dollar against the pound today
The price of the dollar fell against the pound by about 6 piasters, during yesterday’s trading, Thursday, with a large abundance of foreign exchange and an increase in foreign exchange reserves to approximately 47 billion dollars.
According to the official website of the Central Bank, the average price of the dollar against the Egyptian pound at the Central Bank was about 49.62 for buying and 49.72 for selling, compared to 49.68 for buying and 49.78 for selling at the end of yesterday’s trading.
The average price of the dollar at the National Bank of Egypt, the Bank of Egypt, the Commercial International Bank, and the Arab Bank was 49.62 for purchase and 49.72 for sale.
The price of the dollar at Abu Dhabi and Faisal Islamic Banks reached 49.60 for purchase and 49.70 for sale, while at Next Bank it recorded 49.63 for purchase and 49.73 for sale.
The price of the dollar in Qatar National Bank
The price of the dollar in Qatar National Bank recorded 49.65 pounds for purchase, 49.75 pounds for sale.
The International Monetary Fund stated that the Central Bank of Egypt maintained a flexible and unified exchange rate throughout the past months, and also affirmed its commitment to maintaining the flexible exchange rate system to protect the economy from external shocks.
The Central Bank of Egypt decided to fix the price Interest on deposits and lending, according to what was concluded by the Monetary Policy Committee of the Central Bank of Egypt in its penultimate meeting, yesterday, Thursday, November 21.
The committee kept the interest rates for the overnight deposit and lending returns, and the central bank’s main operation rate, at 27.25%, 28.25%, and 27.75%, respectively. It also decided to keep the credit and discount rates at 27.75%.
The committee explained that this decision reflects the latest developments and expectations at the global and local levels, since the previous meeting of the Monetary Policy Committee.
