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The price of the Saudi riyal has been set against the price of the Egyptian pound in daily transactions, Sunday, December 27, 2020 in most banks, and the exchange rate is as follows:
The price of the Saudi Riyal at the Central Bank of Egypt recorded around 4.1672 pounds buying and 4.2023 pounds selling.
The price of the Saudi riyal at the National Bank of Egypt has been recorded at around 4.0836 pounds for buying and 4.1948 pounds for selling.
The price of the Saudi riyal at the Misr Bank was approximately 4,082 pounds bought and 4,195 pounds sold.
The price of the Saudi Riyal at HSBC was around 4.18 pounds to buy.
The price of the Saudi riyal at SAIB Bank was recorded at 4.20 pounds upon purchase.
Meanwhile, the foreign exchange markets in Egypt are in a stable state given the availability of foreign exchange and the increase in foreign exchange reserves of the Central Bank. The International Monetary Fund has confirmed that the first review of Egypt’s economic reform program will be completed to allow the government to withdraw $ 1.67 billion.
In contrast, the Central Bank of Egypt set the overnight loan rate at 9.25% and the overnight deposit rate at 8.25%, the lowest level since July 2014. Availability of credit of $ 5.2 billion.
Egypt also secured the first tranche of $ 2 billion last November, following the approval of the Fund’s Board of Directors, and Egypt will receive the third tranche of the International Monetary Fund loan in June 2021.
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