Saudi riyal reaches new record high at 5 against Egyptian pound
Saudi Riyal surged on Monday to its highest level against Egyptian pounds since the latter’s Nov. 3 flotation, reaching a new record high of 5 pounds.
The country’s central bank abandoned earlier in November the pound’s peg of 8.8 to the dollar in an effort to attract inflows of capital and close down a booming black market in dollars.
The table below demonstrates the selling and buying prices of the Saudi currency against the Egyptian pound in 14 banks, according to data compiled by Amwal Al Ghad early Monday.
|
Bank |
Buying Price |
Selling Price |
|
National Bank of Egypt (NBE) |
4.9985 |
5.0525 |
|
Banque Misr |
4.9985 |
5.05 |
|
Banque du Caire |
4.9472 |
5.0554 |
|
Commercial International Bank (CIB) |
5.0041 |
5.0655 |
|
Al Ahli Bank of Kuwait-Egypt |
5.011900 |
5.079200 |
|
Al Baraka Bank Egypt |
4.8747 |
5.1328 |
|
Suez Canal Bank |
4.9772 |
5.0392 |
|
Abu Dhabi Islamic Bank (ADIB) |
4.9900 |
5.1058 |
|
BLOM Bank Egypt |
4.998534 |
5.052525 |
|
Misr Iran Development Bank (MIDB) |
4.8339 |
5.0727 |
|
AlexBank |
5.00253 |
5.04185 |
|
The United Bank |
4.9867 |
5.0525 |
|
Egyptian Gulf Bank (EGB) |
5.0601 |
5.1343 |
|
Arab African International Bank (AAIB) |
4.9581 |
5.0529 |
