The official price of the US dollar at the Central Bank of Egypt (CBE) increased by more than EGP 0.50, recording EGP 27.5538 for buying and EGP 27.6256 for selling on Monday, compared to EGP 27.0112 for buying and EGP 27.1131 for selling last Thursday.
With this new increase, the price of the US currency increased by about EGP 2.84 within three working days at banks.
The average price of the dollar in banks increased by EGP 0.45 against the Egyptian pound on Monday, the first working day for banks this week, as Sunday was an official holiday.
The average price of the US currency was EGP 27.5319 for buying and EGP 27.6181 for selling, compared to EGP 27.0767 for buying and EGP 27.1667 for selling last week, bringing the total increase in the price of the US currency against the Egyptian pound to EGP 2.81, compared to EGP 24.7083 for buying and EGP 24.7850 for selling last Tuesday.
The highest level of the dollar price in banks at the end of today’s trading reached EGP 27.61 for buying and EGP 27.65 for selling in the Arab Investment Bank, while the lowest level was recorded in the Industrial Development Bank at EGP 27.15 for buying and EGP 27.25 for selling.
The price of the American currency reached EGP 27.40 for buying and EGP 27.45 for selling at the National Bank of Egypt and Banque Misr. It reached EGP 27.45 for buying and EGP 27.55 for selling at the Commercial International Bank.
The rise in the price of the dollar prompted the prices of other major currencies traded in the local market to rise against the pound as well, as the price of the euro reached EGP 29.4197 for buying and EGP 29.5182 for selling, while the price of the pound sterling recorded EGP 33.399 for buying and EGP 33.5145 for selling.
The price of the Kuwaiti dinar jumped to EGP 89.9267 for buying and EGP 90.2374 for selling, while the price of the Saudi riyal reached EGP 7.3272 for buying and EGP 7.3521 for selling.
The current prices of foreign and Arab currencies against the local currency are the highest ever in the history of the Egyptian exchange market.