On Monday the price of the US dollar continued to stabilize across Egyptian banks for the fourth consecutive week.
Globally, the dollar index recorded a new rise in the stock exchange by 0.11 percent.
Daily update on the price of the dollar in Egypt:
Al-Masry Al-Youm reviews the price of the dollar today in the National Bank, Central Bank and the rest of the Egyptian banks:
- Banque Misr
- LE30.75 for purchase
- LE30.85 for sale
- National Bank of Egypt
- LE30.75 for purchase
- LE30.85 for sale
- Central Bank of Egypt
- LE30.83 for purchase
- LE30.96 for sale
- Commercial International Bank
- LE30.85 for purchase
- LE 30.95 for sale
- Suez Canal Bank
- LE30.85 for purchase
- LE30.95 for sale
- Housing Development Bank
- LE30.85 for purchase
- LE30.95 for sale
- Arab African International Bank
- LE30.85 for purchase
- LE30.95 for sale
- Banque du Caire
- LE30.85 for purchase
- LE30.95 for sale
US dollar price forecast in Egypt
The US Federal Reserve is facing a problem, one of the most important factors of which is the interest rate hike series during 2022, Banking expert, Ahmed Shawky, said.
“If the US Federal Reserve does not fix the interest rate, it will raise by a maximum of 25 basis points, which will attract more investments to the dollar,” he added.
In televised statements, Shawky explained that this step would negatively affect the performance of other currencies worldwide, especially emerging markets.
Shawky continued, in televised statements, that this step would negatively affect the performance of other currencies worldwide, especially in emerging markets.
He anticipated a rise in the price of the dollar in Egypt in the coming period by no less than ten percent.
Many international institutions also expect a rise in the price of the dollar against the pound soon, which is evident from the rise in future prices which exceeded LE40, he said.
Edited translation from Al-Masry Al-Youm
