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Demand for Saudi Riyal has declined recently after the end of the Hajj season. The move, especially after the Armco Field incident, which caused heavy losses and many countries, and the prices of the oil-exporting countries increased significantly after the announcement of this incident, the financial markets, in especially the Saudi stock market, having been able to face terrorism and realize gains after its confinement Fire effect on them.
Ahmed al-Khulaifi, governor of the Saudi Monetary Agency, said it was too early to assess the impact of attacks on two Saudi oil facilities on the budget.
Oil prices fell sharply on Tuesday, which is faster than initially expected after the Armco incident, which pushed prices up 20% yesterday, the brent fell 5, 4% at $ 65.30 a barrel and the gross of West Texas by 3.8% to record a record $ 60.50 a barrel.
According to Reuters, an unidentified source said that production could return fully within two to three weeks and that the kingdom was about to recover 70% of its 5.7 million barrels of losses a day after the attacks.
Aramco, the largest oil company in the world in terms of reserves, recorded 260.2 billion barrels of oil equivalent in 2017.
Saudi Riyal Price in Egyptian Banks Tuesday:
Saudi Riyal rate in central bank:
4.34 pounds to buy.
4.38 EGP for sale.
Saudi Riyal Prize at the Bank of Alexandria:
4.32 at the time of purchase.
4.37 EGP for sale.
Rate of Saudi Riyal at the National Bank:
4.33 pounds to buy.
EGP 4.38 for sale.
Saudi Riyal Prize at Misr Bank:
4.33 pounds to buy.
4.38 EGP for sale.
Price in Saudi Riyal at Al Baraka Bank:
LE 4.28 to buy.
4.41 EGP for sale.
Saudi Riyal rate in CIB:
4.32 at the time of purchase.
4.37 EGP for sale.
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