[ad_1]
Cairo – Mubasher: The exchange rate of the Egyptian pound has stabilized against the US dollar in 17 banks during Sunday morning trading.
The price of the pound sterling has stabilized against the dollar on the banks of Ahli, Albaraka, the Suez Canal, Oudh, the Egyptian Gulf, the Credit Agricole, from Egypt and Arab African, to 16.37 pounds at the purchase and 16.47 pounds for sale.
The dollar was recorded in housing and development banks, Alexandria, United Bank and Commercial International Bank at 16.51 pounds and 16.5 pounds and 16.35 pounds to buy, and 16.61 pounds and 16.6 pounds and 16.45 pounds for sale, respectively.
The dollar price at United Bank is £ 16.34 for the purchase and £ 16.44 for the sale.
Bankers expected to "hide" that the exchange rate of the pound sterling against the US dollar would not be affected by Egyptian banks during the current period, in case the Egyptian central bank would lower its rates. interest.
For its part, Beltone's research confirmed that "all the possibilities you plan to stay up in 2020 in favor of the appreciation of the pound sterling, with limited fluctuations in the order of 16 to 17 pounds sterling against the dollar, will continue to be needed to help the Central Bank of Egypt to maintain the inflation target and to continue the monetary easing cycle. "
Beltone expects the price of 16 pounds against the dollar to be the maximum level of this upward trend in the pound, as rising above these levels will boost demand for the dollar, especially in the United States. Wholesalers and retailers currently working in imported consumer products, as well as companies working in consumer goods that will be looking to buy. Raw materials at low cost.
appointments:
Sisi decides to appoint Chancellor Hamada El Sawy Attorney General
Egypt .. details of provinces plan to replace minivans to replace Tuktuk
Saudi Arabia rejects Israeli Prime Minister's remarks and calls for urgent meeting
Profile .. Who is the new Attorney General?
[ad_2]
Source link
