Friday 29/Aug/2025 – 09:40 AM
Price Dollar Against the pound, today, Friday, August 29, 2025, with a number of banks operating in the Egyptian banking sector, after the last central bank’s decision to reduce the interest rate by 2%.
The price of the dollar today
At the Egyptian Export Development Bank, the dollar settled at 48.75 pounds for purchase and 48.85 pounds for sale.
The dollar recorded in Al -Ahly Kuwaiti – Egypt 48.68 pounds for purchase and 48.78 pounds for sale.
In the Abu Dhabi Islamic Bank, he recorded 48.68 pounds for purchase and 48.78 pounds for sale.
The price of the dollar at the Industrial Development Bank, the Arab African International Bank, and the Suez Canal Bank bank about 48.58 pounds for purchase and 48.68 pounds for sale.
In Med Bank, the dollar settled at 48.57 pounds for purchase and 48.67 pounds for sale, and at the Bank of the Arab Banking Company and HSBC – Egypt recorded 48.56 pounds for purchase and 48.66 pounds for sale.
In the Arab International Bank, the International Commercial Bank, and the National Kuwait – Egypt, it reached 48.55 pounds for purchase and 48.65 pounds for sale, the same level that it recorded in Kuwaiti financing.
In the major government banks, the dollar in the National Bank of Egypt, the Bank of Egypt and the Bank of Alexandria recorded 48.55 pounds for purchase and 48.65 pounds for sale, while it came in Faisal Islamic Bank, the United Bank and the Housing and Housing Bank at 48.55 pounds for purchase and 48.65 pounds for sale, while in Nicks and the Egyptian Arab Real Estate Bank and Credit Agricole – Egypt he recorded to 48.54 pounds for purchase and 48.64 pounds for sale.
In Al -Baraka Bank – Egypt, the dollar recorded 48.53 pounds for purchase and 48.63 pounds for sale, while in QNB Bank Egypt reached 48.52 pounds for purchase and 48.62 pounds for sale, while in Cairo Bank it settled at 48.51 pounds for purchase and 48.61 pounds for sale, while in the first Abu Dhabi Bank – Egypt recorded the lowest level at 48.50 pounds for purchase and 48.60 pounds for sale.
The central bank reduces the interest rate
The Monetary Policy Committee of the Central Bank of Egypt decided at its meeting yesterday, Thursday, August 28, 2025, a price of deposit and lending for one night and the price of the main operation of the Central Bank by 200 basis points to 22.00%, 23.00% and 22.50%, respectively, according to the central bank.
It also decided to reduce the price of credit and deduction by 200 basis points to reach 22.50%, and this decision comes as a reflection to evaluate the committee for the latest developments in inflation and its expectations since its previous meeting.
