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Ramallah – National Home
The Egyptian pound recorded a new rise against the US dollar at the end of trading on Monday, according to the news portal published today, which confirmed that the dollar had lost about six dollars in sales price. and purchase.
The dollar price in banks at the most recent trading prices, where the dollar exchange rate is about 17.28 pounds at the time of purchase and 17.38 pounds for sale, in the Ahli banks in Egypt, Egypt, Cairo, United Bank, Arab Investment Bank, Suez Canal Bank, – Egypt, while the dollar price is approximately 17.30 pounds for purchase and 17.40 pounds for sale at the African Arab Bank International.
Reuters on Sunday announced the rise of the pound sterling against Dalar to its highest level in two years, fueled by an increase in foreign inflows.
The currency traded at 17.34 pounds a dollar Sunday, more than 3% higher than its 17.86 level on January 22, when the last rally started.
"You see that most of the indicators are improving, tourism and exports, local production of natural gas replacing imports, peak transfers and foreign direct investment are improving slightly," Hani said. Farhat, economist at the Egyptian investment bank CI Capital.
He added that the increase in capital inflows was largely due to the abandonment by Egypt of the money transfer mechanism of foreign investors, which guaranteed investors wishing to sell their state securities to transfer their money abroad in dollars.
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