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Today, Wednesday, the rate of the Saudi riyal was stable in most banks, after the decision taken by the authorities of the Kingdom of Saudi Arabia to agree to lift the suspension of its direct entry from countries whose it is suspended, for residents who have received two doses of the Corona vaccine inside the Kingdom before leaving and allowing them to return to Saudi Arabia immediately, provided that all procedures are applied to them, and it is expected that the price of the riyal will increase over the coming period to increase the demand for it.
Conditions for the return of Egyptians to Saudi Arabia
And the Egyptian Ministry of Manpower announced that it had received a circular from the Saudi Ministry of Foreign Affairs indicating that it had approved the return of residents who received two doses of Corona inside the Kingdom before leaving, where the labor attaché Karim Abu Al-Saud, acting head of the labor representation office in Riyadh, confirmed that the decision applies to all Egyptian citizens currently in Egypt who have a resident identity and an exit visa and return valid for those who received an approved vaccine inside the Kingdom prior to departure, provided that the return is made on direct lines from Egypt to Saudi Arabia, and provided that the expatriate complies with all precautionary measures imposed by the Saudi authorities, and the labor attaché revealed that the Egyptian expatriate is expected to be exposed to quarantine at his home for a week at home, and he will not leave it than to surrender e at the approved examination seat to check the negative swab, from which he has the right to go to work and enter any places according to our confidence, indicating that violators the stay may be liable to a fine up to 10,000 Saudi riyals and deportation.
The price of the Saudi riyal after the opening of flights
The price of the Saudi riyal in Egyptian banks has seen stability in recent days, with buying and selling prices in some Egyptian banks reaching the following levels:
- The Central Bank of Egypt: The price of the Saudi riyal today, Wednesday, reached 4.17 pounds buying and 4.20 pounds selling.
- Bank Misr: The sale price of the Saudi Riyal today at Bank Misr was 4.19 and the purchase price reached 4.17 pounds.
- Blom Bank: The price of the Saudi Riyal has registered 4.17 pounds to buy and around 4.20 to sell.
- Faisal Islamic Bank: The purchase price of the Saudi Riyal reached 4.17 pounds and the sale price reached 4.20 pounds.
- Audi Bank: The price of the riyal when buying registered around 4.17 pounds and around 4.20 when selling.
- Islamic Bank of Abu Dhabi: The riyal purchase price today reached 4.11 pounds and the sale reached 4.20 pounds.
- Bank of Alexandria: The buy price of the riyal today was around 4.12 pounds and around 4.20 pounds on sale.
- The United Bank: The price of the Saudi riyal has reached around 4.04 pounds buying and 4.20 pounds selling.
- National Bank of Kuwait: The price of the Saudi riyal today, Wednesday, hit around 4.07 pounds on buy and around 4.20 pounds on sell.
- Arab-African International Bank: The price of the Saudi riyal today, Wednesday, registered around 4.06 pounds to buy and about 4.21 pounds to sell.
- National Bank of Qatar: The price of the riyal today registered around 4.12 pounds when buying and around 4.20 pounds when selling.
- Misr Iran Development Bank: The price of the Saudi Riyal reached around 4.05 pounds to buy and the sale price reached about 4.21 pounds.
- Bank Al Baraka: The price of the riyal recorded today, Wednesday, is around 4.08 pounds to buy and about 4.23 to sell.
Expectations of the price of the riyal after the opening of Egyptian-Saudi flights
Monetary experts expect the price of the Saudi riyal to rise in the coming days, especially after the Saudi authorities’ decision to open flights with many countries, and therefore the demand for the Saudi currency will increase and the price will rise. increases, as the price of currency is linked to the state of supply and demand and is generally affected by decisions related to government and the economy.
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