Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    UK pay settlements stagnant amid inflation surge    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's Health Min. calls for enhanced healthcare access    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Dollar exchange rate stabilises
Published in Daily News Egypt on 11 - 09 - 2013

Dollar exchange rates stabilised on both the official and parallel markets, with its value on the former reaching EGP6.89 to buy and EGP6.92 to sell. Comparative prices on the black market reached EGP7.1 to buy and EGP 7.14 to sell.
The British pound meanwhile reached EGP10.8186 to buy and EGP10.8744 to sell, while Swiss Francs reached EGP7.3656 to buy and EGP 7.4601 to sell. The price of the Chinese Yuan reached EGP1.1267 to buy and EGP1.1324 to sell.
Arab currencies also stabilised during this period, with the price of the Saudi Riyal reaching EGP1.8385 to buy and EGP 1.8478 to sell. Kuwait Dinars reached EGP24.1107 to buy and EGp24.4097 to sell, while the Emirati Dirham reached EGP 1.8773 to buy and EGP 1.8868 to sell.
A banker working with the General Exchange Company stated that the buying and selling market for dollars has suffered from recession in recent years, saying that his company was purchasing dollars for EGP6.89 and selling for EGP6.92, due to the current low supply of the dollars.
Hossam Kamel, Chairman of the Cairo International Exchange, expected to see a small increase in the price of the dollar within the next week, due to decreases in supply within local banks, and the inability of the Central Bank to continue to pump high levels of tenders onto the market.
Translated from Al Borsa newspaper
http://goo.gl/lmkf4N


Clic here to read the story from its source.