The article “Fatshimetrie August 10, 2021” discusses the stability of dollar exchange rates at major Egyptian banks at the beginning of trading on Tuesday. The exchange rate for the dollar remained consistent across banks, with the National Bank of Egypt (NBE) and Banque Misr quoting rates at LE48.30 for buying and LE48.40 for selling. The Commercial International Bank (CIB) also maintained the same rates at LE48.30 for buying and LE48.40 for selling.
Additionally, the Central Bank of Egypt (CBE) reported an average dollar rate of LE48.30 for buying and LE48.40 for selling. The euro was priced at LE51.21 for purchase and LE51.41 for sale at the NBE, while at the CIB, the euro stood at LE51.21 for buying and LE51.45 for selling. The British pound was traded at LE59.93 for buying and LE60.25 for selling at both the NBE and CIB. Moreover, the Saudi riyal remained stable at LE12.87 for purchase and LE12.90 for sale at the NBE.
The stability of exchange rates, including the dollar and other key currencies, plays a vital role in the Egyptian economy and international trade. This information is crucial for investors, businesses, and the general public, helping them make informed financial decisions. Exchange rate developments can significantly impact inflation, exports, imports, and citizens’ purchasing power, underscoring the importance of closely monitoring these rates.
The article concludes on a positive note, highlighting the stability observed in exchange rates at the onset of trading as a promising sign for the Egyptian economy. It emphasizes the need to monitor these rates closely in the coming days to understand their implications on the national economy.
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