Economy

US dollar price in Egypt on Thursday

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.

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