Dear followers everywhere, welcome to the Banker platforms in a new round, the latest updates on the prices of the dollar, currencies, and gold, and our latest economic news at the close of today’s transactions, Monday, November 11, 2024.
Starting with the dollar prices in the Central Bank of Egypt and operating banks at the end of Monday’s trading
The price of the dollar fell against the Egyptian pound in a number of banks at the end of trading on Monday
The price of the dollar fell in the Central Bank today, Monday 11-11-2024, at 49.16 pounds for purchase and about 49.26 pounds for sale.
The price of the dollar fell today, Monday, 11-11-2024, at the Commercial International Bank, to 49.18 pounds for purchase and about 49.28 pounds for sale.
The price of the dollar fell today, Monday, 11-11-2024, at the Arab African International Bank, at 49.16 pounds for sale and about 49.26 pounds for purchase.
The price of the dollar also decreased today, Monday, 11-11-2024, in the United Bank, at 49.14 pounds for purchase and about 49.24 pounds for sale.
The price of the dollar fell today, Monday 11-11-2024, at Banque Misr at 49.15 pounds for purchase and about 49.25 pounds for sale.
The price of the dollar today, Monday 11-11-2024, at the Bank of Alexandria, recorded 49.17 pounds for purchase and 49.27 pounds for sale.
The price of the dollar stabilized today, Monday 11-11-2024, at the National Bank of Egypt at 49.14 pounds for purchase and about 49.24 pounds for sale.
While the price of the dollar fell today, Monday, 11-11-2024, at Abu Dhabi Islamic Bank, at 49.23 pounds for purchase and 49.32 pounds for sale.
From the dollar to the main Arab and foreign currency market, according to the latest updates of the Central Bank of Egypt
Most currency exchange rates declined significantly against the Egyptian pound at the close of trading on Monday, according to the latest update received on the Central Bank’s website.
The price of the euro fell today, Monday, at the Central Bank of Egypt, to 52.40 pounds for purchase and 52.52 pounds for sale.
The price of the pound sterling also decreased today in the Central Bank of Egypt, to 63.33 pounds for purchase and 63.46 pounds for sale.
The price of the Swiss franc in the Central Bank was 55.89 pounds for purchase and 56 pounds for sale.
The price of 100 Japanese yen in the Egyptian Central Bank reached 31.96 pounds to buy and 32 pounds to sell.
The price of the Saudi riyal fell today in the Central Bank to 13 pounds for purchase and about 13.11 pounds for sale.
The price of the Kuwaiti dinar fell today, Saturday 11/9/2024, to about 159.98 pounds for purchase and about 160.36 pounds for sale.
Today, Sunday, the price of the UAE dirham at the Central Bank was 13.38 pounds for purchase and about 13.41 pounds for sale.
The price of the Chinese yuan today, Monday, reached about 6.82 pounds for buying and about 6.84 pounds for selling.
From the dollar and currencies, we are still with you on the live end of trading today, Monday, and we will go to the goldsmiths and the latest gold prices in Egypt.
Gold prices in Egypt vary according to workmanship from one store to another, as the average price of workmanship and stamping in goldsmiths’ shops ranges between 30 and 65 pounds, depending on the type of caliber of gold and according to different goldsmiths’ shops, and from one governorate to another, and from one merchant to another.
The prices of all gold bullions decreased at the end of today’s trading, Monday, November 11, 2024, as they recorded a noticeable decline compared to the beginning of morning trading.
The price of a gram of 21 carat gold, in the middle of today’s trading, Monday, November 11, 2024, reached about 3,725 pounds for sale, and 3,700 pounds for purchase.
The price of a gram of 24 karat gold reached 4257.25 pounds for sale in midday trading today, Monday, November 11, 2024, and 4228.5 pounds for purchase.
The price of a gram of 18 karat gold recorded in the middle of today’s trading, Monday, November 11, 2024, about 3192.75 pounds for sale, and 3171.5 pounds for purchase.
The price of a gram of 14 karat gold reached 2483.25 pounds for sale in midday trading today, Monday, November 11, 2024, and 2466.75 pounds for purchase.
The price of the gold pound reached in the middle of today’s trading, Monday, November 11, 2024, about 29,800 pounds for sale, and 29,600 pounds for purchase.
From the dollar, currencies and gold, we are still talking to you about the live closing of Monday’s transactions and a quick tour of the most important economic and financial news today.
Starting with the most important event, which is President Sisi’s ratification of granting manufacturers loans at 15% interest to purchase equipment and production supplies
In detail, Lieutenant General Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, said that it has been approved by President Abdel Fattah Al-Sisi, President of the Republic, to grant manufacturers loans at an interest rate of 15% to purchase equipment and production supplies.
The Minister explained during his chairmanship of the tenth meeting of the Ministerial Group for Industrial Development that coordination had been made between the General Authority for Industrial Development and the Federation of Egyptian Industries to arrange the priority sectors in obtaining loans.
The following news is with us on Live Today from the Egyptian banking sector, where the total balances of Egyptian banks’ loans jumped by more than 2 trillion pounds during the first nine months of the current year, with a growth of 22.5%.
Bank loans rose to 12.4 trillion pounds at the end of last September, compared to 10.09 trillion pounds at the end of December 2023.
The Central Bank of Egypt raised interest rates by about 800 basis points since the beginning of this year, reaching the highest point ever at 27.25% for deposits and 28.25% for lending, with the aim of curbing rising inflation.
The last news with us on today’s tour is good news regarding remittances from Egyptians abroad, in which there has been a very large jump in recent months.
According to the details, remittances from Egyptians working abroad increased during the first 8 months of 2024 (January to August 2024) at a rate of 36.4% to record $18.1 billion, compared to about $13.3 billion during the same period in 2023.
Remittances from Egyptians working abroad increased during the month of August 2024 for the sixth month in a row at a rate of 65.5% to record about 2.6 billion dollars (compared to about 1.6 billion dollars during the month of August 2023).
