Thursday 20/February/2025 – 10:40 AM
The price of the dollar against the pound decreased today, Thursday, February 20, 2025, in a number of government and private banks, hours before setting the fate of interest rates, as the dollar price in the Central Bank recorded 50.53 pounds for sale, and 50.67 pounds for purchase, to record a decrease of approximately 10 piasters in Some banks.
The dollar decreased in Al -Ahly Bank, 8 piasters, where yesterday 50.62 was recorded for purchase and 50.72 for sale, and 4 piasters decreased in the International Commercial Bank, where yesterday recorded yesterday 50.59 pounds for purchase, 50.69 pounds for sale, and decreased in Faisal Islamic Bank by about 6 piasters, where yesterday 50.61 pounds for purchase, 50.71 pounds for sale.
Dollar prices in government and private banks
The price of the dollar in the National Bank of Egypt:
The price of the dollar in the National Bank reached 50.54 pounds for purchase, and 50.64 pounds for sale.
The price of the dollar in Banque Misr:
The price of the dollar in Banque Misr recorded 50.54 pounds for purchase, and 50.64 pounds for sale.
The price of the dollar in the Commercial International Bank-Egypt:
The price of the dollar in the Commercial International Bank-Egypt reached 50.54 pounds for purchase, 50.64 pounds for sale.
The price of the dollar in Qatar National Bank:
The price of the dollar in Qatar National Bank was 50.55 pounds for purchase, 50.65 pounds for sale.
The price of the dollar in the Egyptian Islamic Bank:
The price of the dollar at Faisal Islamic Bank of Al -Masry was 50.55 pounds for purchase, 50.65 pounds for sale.
The price of the dollar in the Islamic Bank of Abu Dhabi -Egypt:
The price of the dollar in Abu Dhabi Islamic Bank -Egypt is 50.59 pounds for purchase, and 50.68 pounds for sale.
Central Bank meeting
The Monetary Policy Committee of the Central Bank, headed by Hassan Abdullah, Governor of the Central Bank, meets today, Thursday, February 20, 2025, at its first meeting in the new year 2025 to determine and discuss interest rates on deposit and lending operations and the price of the main operation of the Central Bank.
In the same context, the economist Amr Hassanein expected that the Monetary Policy Committee will turn to a bold decision and reduce interest for the first time in nearly a year, with the aim of stimulating the Egyptian economy in light of a gradual decline in inflation rates and improved conditions in the markets.
He explained to Cairo 24 that the banks gradually began to reduce the interest rate, which indicates that the next stage will witness more decline in the interest of different banks, especially if the central reduces the interest during the first meeting in the year, it is likely that the reduction is from 50 to 100 points. .
