US dollar rose to highest level in 4 years against the Egypt pound

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The US dollar exchange rate witnessed an increase with the beginning of trading, on Monday, after a period of stability against the Egyptian pound. While the price of the US dollar varied in Egypt during trading on Monday morning at the Central Bank of Egypt, government and private banks.

The price of the US dollar reached its highest levels in the last period, and after a period of stability, it returned to rise again against the Egyptian pound, as it exceeded LE 18.93, for the first time in four years.

Tarek Metwally, a banking expert, said that the recent increase in the price of the US dollar is: natural factor in light of global events, because the currency price is linked to the supply and demand.

He added that there is a problem in the currency market in general, affecting the price of the US dollar against the pound, pointing to the consequences of the Ukrainian-Russian war, which causes foreign currencies to hike within any country.

Al-Masry Al-Youm reviews the US dollar exchange rate announced in all Egyptian banks, on Monday:

The price of the US dollar at the National Bank of Egypt reached LE 18.85 for purchase and LE 18.91 for sale.

The price of the US dollar at Abu Dhabi Islamic Bank reached LE 18.86 for purchase and LE 18.91 for sale.

The price of the US dollar at Banque Misr reached LE 18.85 for purchase and LE 18.91 for sale.

The price of the US dollar at Arab African International Bank is LE 18.83 to buy and LE 18.93 to sell.

The price of the US dollar at the United Bank reached LE 18.85 for buying and LE 18.93 for selling.

Edited translation from Al-Masry Al-Youm

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