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

Comments
Loading...