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The price of the dollar against the pound in the banks “Odeh, Al-Masry Al-Khaleeji, Misr Iran for Development, Construction and Housing, Al-Ahly of Kuwait, The United Bank, Commercial International Bank, Credit Agerlikol, Alexandria” reached £ 15.62 buy and £ 15.72 sell.
The price of the dollar against the Egyptian pound at the National Bank of Greece in Egypt was around 15.61 pounds selling and 15.71 pounds buying, and the price of the dollar against the Egyptian pound in the Arab International Banking Company was £ 15.59 for sale and £ 15.69 for purchase.
And the Egyptian pound had performed well since the start of this year, despite the circumstances of the novel Corona virus pandemic, and its economic effects on all markets, especially emerging markets, with the US dollar losing around 39 piastres against the book in the first 11 months of 2020.
On the other hand, the International Monetary Fund said in its latest report on Egypt that the Egyptian economy has performed better than expected, despite the Corona pandemic, as well as thanks to the rapid, comprehensive and balanced stimulus measures taken by the government, the response of monetary policy and financial sector initiatives aimed at For affected sectors and groups, and Egypt’s request to the Fund in a timely manner to secure financing through the “Instrument of rapid financing ”and the“ standby credit agreement ”of approximately $ 8 billion, which will be provided to Egypt in installments ending June 30, 2021.
The International Monetary Fund had emphasized the need to continue vigorously implementing reform measures, including continued progress in implementing basic structural reforms, to build resilience to crises, which also ensures the preservation of investor confidence in the future of the Egyptian economy.
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