Saw price US dollar There was noticeable stability against the Egyptian pound during Wednesday’s trading, in various banks operating in the local market, amid cautious anticipation by investors and dealers in the exchange market, in light of the continuing global geopolitical tensions and their effects on the international economy.
The price of the dollar in the Central Bank of Egypt recorded about 54.52 pounds for purchase and 54.66 pounds for sale, reflecting a state of relative balance in the money market, despite the external pressures to which the Egyptian economy is exposed.
In the largest government banks, the price stabilized in the National Bank of Egypt and Banque Misr at 54.53 pounds for purchase and 54.63 pounds for sale, which is the same level recorded in a number of private banks, including the Commercial International Bank.
The dollar also recorded at the Bank of Alexandria about 54.55 pounds for purchase and 54.65 pounds for sale, while at Al Baraka Bank it reached about 54.50 pounds for purchase and 54.60 pounds for sale, which is one of the lowest levels of selling among banks.
In the Housing and Development Bank, the price of the dollar stabilized at 54.53 pounds for purchase and 54.63 pounds for sale, while in the United Bank it was recorded at about 54.53 pounds for purchase and 54.63 pounds for sale.
This stability comes in light of increasing pressure on the Egyptian pound, driven by the repercussions of the war between the United States and Iran, which contributed to the rise in global energy prices, which is directly reflected in the cost of imports and inflation rates.
Analysts believe that the stability of the exchange rate during the current period is due to the monetary measures adopted by the Central Bank, in addition to foreign exchange flows from multiple sources, including tourism and remittances from Egyptians abroad.
At the same time, markets remain in a state of anticipation for any new developments on the international scene, especially with the continuing geopolitical tensions, which may affect the movement of currencies and commodity prices globally.
This relative stability is expected to continue in the short term, unless major developments occur on the global or local scene, especially with regard to energy prices or foreign investment flows.
