Thursday 21/November/2024 – 06:17 PM
The average price of the dollar stabilized against the pound, today, Thursday, November 21, 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 the past hours, 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 Commercial and Faisal Islamic Banks reached 49.60 for purchase and 49.70 for sale, while it recorded at Next Bank 49.63 for purchase and 49.73 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 private placement of United Bank shares was covered 1.8 times on the second day
An informed source in the financial market revealed to Cairo 24 the coverage of the private placement of shares United Bank By about 1.83 times on the second day of the opening of the subscription, minutes before the end of the session, with a demand volume of about 575,347,380 million shares for the private offering out of a total supply of 313 million through the private deals market.
The private deals market will be open for registering buy and sell orders through private placement, starting yesterday, Wednesday, November 20, until November 25.
The first tranche of the private placement amounts to 313,500 million shares, representing 95% of the total shares offered for sale, which represents 28.5% of the company’s total issued shares.
