The price of the US dollar hit LE27 in mid-trading on Thursday, January 5, 2023, after it reached a new high yesterday.
The dollar price of in banks in mid-day trading today before the rise:
Abu Dhabi Islamic Bank
LE26.95 for purchase
LE 27 for sale
Housing and Development Bank
LE27for purchase
LE 27.1 for sale
Commercial International Bank
LE27 for purchase
LE 27.1 for sale
Banque du Caire
LE26.85 for purchase
LE26.9 for sale
ALEXBANK
Le27 for purchase
LE27.1 for sale
Banque Misr
LE26.85 for purchase
LE 26.9 for sale
National Bank of Egypt
LE26.95 for purchase
LE 27 for sale
The initial rise was yesterday as the US dollar rose significantly on Wednesday to 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.
