to attest dollar price Today in Egypt, Monday, July 8, 2024, a new decline according to what was revealed by the latest updates of the official websites of government and private banks, with expectations of further gains for the Egyptian currency in the near term
Bank of America, the second largest bank in the United States, reported that the exchange rate of the Egyptian pound is currently approaching its fair value, expecting its value to rise in the near term against the dollar thanks to cash flows that have reduced the expected deficit in the balance of payments.
Today’s dollar price against the Egyptian pound at the Central Bank
The average price of the dollar in Egypt today, Monday, at the time of writing this report, was about 47.90 per dollar for purchase, compared to 48.00 pounds per dollar for sale, according to data from the Central Bank of Egypt.
The Egyptian pound’s position against the dollar has improved since March 6, as a result of the Central Bank allowing the pound’s exchange rate to be determined according to market mechanisms, after it had reached about 70 pounds against the dollar in the parallel market.
Dollar price against the pound in Egyptian banks
The dollar price fell today in Egypt in most banks against the local currency.
Dollar price in the National Bank of Egypt
The dollar price at the National Bank of Egypt was recorded at about 47.9 pounds for purchase, and 48 pounds for sale.
Dollar price in Bank of Egypt
The price of the dollar today at Banque Misr was about 47.9 pounds for purchase, and 48 pounds for sale.
Dollar price against the pound in Abu Dhabi Islamic Bank
The price of the dollar in Egypt today at Abu Dhabi Islamic Bank came to 48 pounds for purchase and 48.10 pounds for sale.
Dollar price in CIB (CIB)
And in the Commercial International Bank CIBThe price of the dollar in Egypt was about 47.9 pounds for purchase and 48 pounds for sale.
Today’s dollar price at Alexandria Bank
The average price of the dollar today at the Bank of Alexandria reached 47.9 per dollar for purchase, compared to 48 pounds per dollar for sale.
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