Global Courant 2023-04-25 18:47:38
The price of the US dollar maintained its stability in conjunction with the Egyptian banking holiday, which will end on Tuesday, so that banks will resume operations on Wednesday, April 26.
Tth price of the dollar on Tuesday:
Central Bank of Egypt
LE 30.83 for sale
LE 30.95 for sale
National Bank of Egypt
LE 30.75 for sale
LE 30.85 for sale
Banque Misr
LE 30.75 for sale
LE 30.85 for sale
Commercial International Bank (CIB)
LE 30.85 for sale
LE 30.95 for sale
ALEXBANK
LE 30.85 for sale
LE 30.95 for sale
Abu Dhabi Islamic bank
LE 30.90 for sale
LE 30.95 for sale
United Bank
LE 30.85 for sale
LE 30.95 for sale
US Dollar Price Forecast in Egypt
The US Federal Reserve is facing a problem, one of the main factors of which is the series of rate hikes in 2022, banking expert Ahmed Shawky said.
“If the US Federal Reserve does not set interest rates, they will be raised by up to 25 basis points, which will attract more investment to the dollar,” he added.
Shawky explained that in televised statements this move would negatively impact the performance of other currencies worldwide, especially emerging markets.
Shawky continued in televised statements that this move would negatively impact the performance of other currencies around the world, especially in emerging markets.
He expected an increase in the dollar exchange rate in Egypt by no less than ten percent in the near future.
Many international institutions also expect a rise in the price of the dollar against the pound soon, evidenced by the rise in future prices exceeding LE 40, he said.
Edited translation of Al-Masry Al-Youm
