The price of the dollar in Egypt on Saturday, August 3

The dollar continued to stabilize in Egypt in relation to the Egyptian pound in the context of limited transactions with foreign exchange companies, ATMs and bank branches at airports and major hotels: the average purchase price it stood at 16.53 pounds against 16.62 pounds for sale.

The price in dollars at the National Bank, the largest state bank, rose to 16.53 pounds at the purchase and 16.63 pounds for sale, the same price with the shores of Egypt, the pond and the return and the Egyptian gulf.

The dollar settled in Abu Dhabi Islamic Bank with the highest selling price of 16.55 USD and the sale price of 16.63 EGP.

The US dollar was the largest private bank in Egypt, with EGP 16.50 for purchases and EGP 16.60 for sales, recording the lowest dollar price on automatic machines.

The pound strengthened against the dollar after large inflows of tourism, exports and remittances from foreign workers.

On July 24, the International Monetary Fund (IMF) announced that its board of directors had completed its fifth and final review of Egypt's $ 12 billion lending program, allowing the Cairo authorities to withdraw an additional $ 2 billion.

Fitch Ratings predicts that the pound will continue to appreciate against the greenback in the second half of this year.

For the rest of the foreign currencies, the average price of the euro was 18.22 pounds at the time of purchase, the selling price 18.42 pounds and the pound sterling at 19.97 pounds and 20.22 books.

According to data from the National Bank of Egypt, the Saudi Riyal was 4.39 pounds for the purchase and 4.43 pounds for sale, and 4.49 pounds in the dirham (UAE) at 4.52 pounds on sale. EGP 61 for sale.