The exchange rate of the US dollar against the Egyptian pound increased at the beginning of Sunday’s trading at Egypt’s major banks, after the Central Bank of Egypt rose the interest rate by 1% in March.

At the National Bank of Egypt (NBE) and Banque Misr, the dollar rate was up five piasters, recording EGP 18.52 for buying and EGP 18.58 for selling.

At the Commercial International Bank (CIB), the dollar exchange rate rose to reach EGP 18.53 for buying and EGP 18.60 for selling.

As for main currencies’ exchange rates, world capital markets and banks are being affected on the back of repercussions of the Russian-Ukrainian crisis, with euro prices increasing for selling and buying.

The euro price registered EGP 19.94 for buying and EGP 20.16 for selling at Banque Misr and the NBE.

At the CIB, the euro price was EGP 20.05 for buying and EGP 20.34 for selling.

The pound sterling at the NBE and Banque Misr registered EGP 23.77 for buying and EGP 24.21 for selling.

At the CIB, the pound sterling exchange rate amounted to EGP 24.16 for buying and EGP 24.33 for selling.

The Saudi riyal price stood at EGP 4.93 for buying and EGP 4.95 for selling at Banque Misr and the NBE.

Source: State Information Service Egypt