On Thursday, January 5, 2023, the price of the US dollar against the Egyptian pound rose in Egypt one bank at the beginning of trading.
Further rises are expected throughout the day.
On Thursday morning, the dollar price stabilized against the pound at the Central Bank of Egypt, recording LE26.36 pounds for purchase and LE26.49 for sale.
The price of the dollar, Thursday morning, in Egypt:
Abu Dhabi Islamic Bank
LE 26.16 for purchase
LE 26.2 for sale
Housing and Development Bank
LE26.35 for purchase
LE 26.45 for sale
Commercial International Bank
LE26.3 for purchase
LE 26.4 for sale
Banque du Caire
LE26.25 for purchase
LE 26.35 for sale
ALEXBANK
LE26.4 for purchase
LE 26.5 for sale
Banque Misr
LE26.25 for purchase
LE 26.3 for sale
National Bank of Egypt
LE26.25 for purchase
LE 26.3 for sale
The price of the US dollar rose significantly on Wednesday, January 4, 2023, to hit LE26, coinciding with Banque Misr the National Bank of Egypt offering savings certificates, with a return of 25 percent.
Egypt’s central bank hiked overnight interest rates by 300 basis points on Thursday, December 22, in an attempt to curb inflation rates.
The CBE’s Monetary Policy Committee (MPC) raised the deposit rate to 16.25 percent and its lending rate to 17.25 percent.
