Madness strikes the Saudi riyal in Egyptian black market transactions during transactions on Tuesday, February 27, 2024, coinciding with the state of fluctuation witnessed by the dollar and other foreign currencies, and with the increase in supply and demand for the Saudi riyal during that period, the riyal has witnessed a state of decline since the beginning of this week, and after… The Egyptian government announced the Ras El Hekma deal. Below, we will review the exchange rate of the Saudi riyal within the black market and Egyptian banks.
The price of the Saudi riyal, February 27, on the black markets
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A state of madness afflicts the Saudi riyal within the Egyptian parallel markets, where the riyal is witnessing a significant decline and a major decline after the rise it witnessed last month, as the average selling price of the Saudi riyal recorded 13.64 Egyptian pounds, and the average buying price recorded about 13.42 Egyptian pounds.
The price of the Saudi riyal on Tuesday, February 27, inside banks
With the increasing supply and demand situation for the Saudi riyal currency, the search for knowledge of the average selling price within Egyptian banks increases day after day, due to the desire of many citizens to exchange the Egyptian currency for the Saudi currency to travel to perform Umrah rituals in this holy month. Below we review the developments of the riyal within the banks. Egyptian:
Egyptian Central Bank
The average selling price is about 8.25 Egyptian pounds, and the average purchase price is about 8.22 Egyptian pounds.
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National Bank of Egypt
The average selling price within the National Bank is about 8.24 Egyptian pounds, and the average purchasing price is about 8.20 Egyptian pounds.
Egypt Bank
The average sale of Saudi riyals during transactions at Banque Misr is about 8.24 Egyptian pounds, and the average purchase is about 8.20 Egyptian pounds.
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BLOM BANK
Average price Selling at BLOM Bank amounted to about 8.25 Egyptian pounds, and the average purchase price was about 8.12 Egyptian pounds.
Bank of Alexandria
The average selling price of the riyal within the Bank of Alexandria is 8.25 Egyptian pounds, while the average purchasing price is 8.21 Egyptian pounds.
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Credit Agricole Bank
The average selling price within Credit Agricole Bank recorded 8.25 Egyptian pounds, while the average purchasing price recorded about 8.21 Egyptian pounds.
National bank of Kuwait
The average exchange rate of the riyal in selling transactions within the National Bank of Kuwait recorded a value of 8.26 Egyptian pounds, and the average price in buying was about 8.17 Egyptian pounds.
Arab International Bank
The average selling price of the Saudi riyal in Arab International Bank transactions was about 8.25 Egyptian pounds, and the average buying price was about 8.23 Egyptian pounds.
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