Economy

Tuesday’s US dollar price in Egyptian banks

The US dollar price in Egyptian banks recorded the following on Tuesday:

 

Central Bank of Egypt

  • LE30.83 for purchase
  • LE30.93 for sale

 

National Bank of Egypt

  • LE30.75 for purchase
  • LE30.85 for sale

 

Banque Misr

  • LE30.75 for purchase
  • LE30.85 for sale

 

Commercial International Bank (CIB):

  • LE30.85 for purchase
  • LE30.95 for sale

 

Abu Dhabi Islamic Bank

  • LE30.90 for purchase
  • LE30.95 for sale

 

Credit Agricole Bank

LE30.85 for purchase

LE30.95 for sale

 

Suez Canal Bank

LE30.67 for purchase

LE30.77 for sale

 

Al Ahli United Bank

LE30.23 for purchase

LE30.33 for sale

 

Al Ahli Bank of Kuwait

LE30.7 for purchase

LE30.77 for sale

 

ALEXBANK

LE30.67 for purchase

LE30.77 for sale

 

United Bank

LE30.67 for purchase

LE30.77 for sale

 

HSBC Bank

LE30.67 for purchase

LE30.77 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

Related Articles

Back to top button