Egyptian pound Weakened The price of the US dollar surpassed 52 Egyptian pounds on Sunday, March 8, hitting a record low as increasing regional geopolitical tensions affected the currency.
according to Data The dollar closed from the Central Bank of Egypt at 52.11 pounds for purchase and 52.21 pounds for sale at the end of Sunday’s trading session, compared to 50.08 pounds and 50.22 pounds on Thursday.
The pound has fallen by about 4.24 pounds, or about 8.9%, since the beginning of March, according to Central Bank data.
Through major Egyptian banks, exchange Rates They were very similar. The dollar recorded 52.11 pounds for purchase, and 52.21 pounds for sale at the Bank of Egypt, the National Bank of Egypt, the Commercial International Bank, the Arab International Bank, and the Bank of Alexandria, according to Al-Ahram Online.
Other major currencies also rose against the Egyptian pound. euro He went up It reached about 60.52 pounds to buy, and 60.69 pounds to sell, while the British pound reached about 60.52 pounds to buy, and 60.69 pounds to sell. receipt 69.86 pounds to buy, and 70.07 pounds to sell.
Meanwhile, the Kuwaiti dinar Traded The price of the Emirati dirham recorded about 170.17 pounds for purchase, and 170.68 pounds for sale, while the Emirati dirham rose to about 14.18 pounds for purchase, and 14.22 pounds for sale.
Currency markets came under moderate pressure Escalation Tensions in the Middle East after military strikes and retaliatory attacks involving Iran and the United States.