Saudi Riyal to Egyptian Pound Rates Today

Saudi Riyal Prize to the Egyptian Pound on Thursday, August 29, 2019

The Cairo airport is preparing to receive the last flight for the return of the pilgrims by the end of the month, in order to stabilize the price of the Saudi riyal against the Egyptian pound after the rise of the riyal and the increasing demand of the Egyptians. perform the pilgrimage. The price of the riyal witnessed slight disturbances between the decline and the rise.

The price in Saudi riyal is as follows, according to the last update:
The price of Saudi riyal in Commercial International Bank cib4.42 pounds to buy 4.47 pounds for sale
The price of the riyal today in Baraka Bank £ 4.38 to buy 4.51 books on sale
The price of the riyal at the National Bank of Egypt 4.44 pounds to buy 4.48 pounds on sale
The price of riyal to the British pound at the Central Bank of Egypt 4.45 pounds sterling to buy 4.48 pounds sterling for sale
The price of the riyal at the Bank of Egypt 4.44 pounds to buy 4.48 pounds for sale
Saudi Riyal to Egyptian pound today at the Bank of Alexandria 4.41 pounds to buy 4.47 books on sale
Dollor to Riyal 3.75 SAR

Oil prices rose on Wednesday after the Energy Information Administration announced that US oil inventories had dropped by about 10 million barrels last week, more than than analysts had expected, and gasoline stocks had dropped.

US oil production reached a record 12,500 million barrels last week, compared with 12,300 million barrels the previous week.

In settlement, the futures price for US crude "Nymex" for delivery in October increased 1.6% to $ 55.78 per barrel after recording a level of $ 56.75 per barrel at during the session.

At approximately 18:45 GMT, the Brent crude futures contract for delivery in October increased by 1.7% to $ 60.52 per barrel after reaching $ 61 per barrel before.

The US Energy Information Administration said in a statement on Wednesday that oil stocks would have dwindled by about 10 million barrels during the week ending Aug. 23, reaching 427.8 million barrels.

US oil inventories are expected to decline by 2.8 million barrels over this period.
Gasoline inventories in the United States fell 2.1 million barrels last week.
A report published by the Organization of the Petroleum Exporting Countries (OPEC) on Tuesday said compliance by countries participating in the agreement to reduce production levels reached 159% in July, or 22% of more than the commitment made in June.

In July, OPEC members and non-OPEC producers decided to extend the agreement to cut oil production for the next nine months, up to the end of the year. end of March 2020.

The agreement to reduce production levels, which came into effect in January 2019, was aimed at reducing supplies by about 1.2 million barrels per day from October 2018 levels.

The average compliance rate between the beginning of the year and the end of July was 134%, the highest level recorded so far.
The Joint Ministerial Follow-up Committee explained that this high level of overall compliance offsets market uncertainties in the face of lingering concerns about economic growth.

OPEC emphasized the growing importance of the declaration of cooperation to support the stability of the oil market.
OPEC is due to publish its monthly report on August 11th.
At the same time, Morgan Stanley lowered its oil price forecast this year, due to the weak economic outlook, declining demand and rising US oil shale, which is offsetting the company's efforts. OPEC to consolidate the market.
"The slowdown in oil demand growth that began in early 2019 is not over yet," the bank's analysts said in a note to customers.
The US bank lowered the Brent oil price forecast for 2019 to $ 60 a barrel, from $ 65 a barrel to previous forecasts.

Saudi Riyal Prize to the Egyptian Pound on Thursday, August 29, 2019

See also the dollar rate of Thursday, August 29, 2019 in banks and the black market