The price of the Saudi riyal today against the Egyptian pound by continuous monitoring of the site "Egypt 365", where we offer the price of the Saudi riyal on Sunday September 16, 2018 against the pound in the Egyptian banks and the black market, it is worth noting that the Saudi riyal varies from bank to bank, This is because the prices in each bank are determined on the basis of the mechanism of supply and demand, which vary from bank to bank and thus cause different prices, but these differences are very small and do not go beyond a few piastres, and we offer you the Saudi riyal through the website during the day.
The price of the Saudi riyals on the black market, the price of riyals in Egyptian banks, it is noteworthy that the difference between the price of riyals on the black market and banks is small compared to the difference between prices before the floating decision taken by the Central Bank in November 2016, whereby the prices of the Saudi riyal during transactions on the black market At the prices of riyals during transactions in banks by about 3 piasters no longer.
Highest price to buy:
Bank The pond
As for the price of the Saudi riyal Black market He scored 4.75 pounds to buy for £ 4.74 for sale.
|A bank||Purchase price||Selling price|
|Bank of Abu Dhabi||4.7420||4.7890|
|Bank of Cairo||4.7440||4.7910|
|Bank of Alexandria||4.7280||4.7760|
|Bank of Egypt||4.7430||4.7700|
|Bank construction and housing||4.6970||4.7910|
|Suez Canal Bank||4.7620||4.7880|
|Commercial International Bank||4.7430||4.7890|
|Arab Investment Bank||4.7620||4.7880|
|Agricultural Credit Bank||4,7400||4.7870|
|National bank of Greece||4.7370||4.7980|
|Egyptian – for development – import||4.7430||4.7880|
Note: You can continue to update any change to bank locations automatically via Misr365.Net. Getting from Google Type – The price of Rial 365 .
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The effect of the floating of the pound on the Saudi riyal
After the decision to float the pound, which coincided with the approach of the pilgrim season, the demand for the Saudi riyal may increase and the exchange rate of the Saudi riyal, the Egyptian banks and the black market and exchange offices will increase, which in this period will lead to major losses in Egypt.
The high price of Saudi Arabian riyals on the black market has contributed to an increase in the prices of imported goods from Saudi Arabia, in addition to the sharp rise in gold prices in the stores of Al-Sagha, and the fall of the Saudi riyal against the US dollar, some experts expected the Saudi riyal to fall against the Egyptian pound The reason for this decline is also the Saudi budget deficit and the low oil price worldwide.
The Egyptian economy is expected to drop sharply for the first time in a long period due to the rise of the Saudi riyals on the black market and a number of erroneous government decisions that negatively affected the Egyptian pound. This led to an increase in the exchange rate of the Saudi riyals in Egypt.
One of the people on the black market who is the reason for the rise of the riyal is the lack of foreign exchange in the Egyptian banks and exchange offices, and he also stressed that the increase of the riyal during the current period is due to frequent Umrah travel to Saudi Arabia, despite the fall of the pound against the US dollar.
It is noteworthy that the Saudi Riyal is one of the most important currencies on the Egyptian market, where many are constantly looking for the Saudi Riyal in Egypt, this is due to the remittances of employees abroad during the Hajj and Umrah seasons, and these are the reasons that led to the rise of the Saudi Riyal in Egypt.
The Saudi Riyal Exchange Rate today against the Egyptian Pound
The exchange rate of the Saudi riyal against the Egyptian currency is the pound on a daily basis in the Egyptian banks and the black market. The exchange rates of a number of customers represent the importance of many Egyptians.
Because of the journey of many Egyptians to perform the rituals of Hajj and Umrah in the Holy Land in Saudi Arabia, some are interested in the exchange rate of the Saudi riyal, because the Egyptian state is one of the largest Egyptian in terms of numbers pilgrims and pilgrims, and with the approach of the pilgrimage until 2018 begins with the Saudi riyal For the great demand for the "Saudi currency".
The Saudi Riyal exchange rate
The Egyptian black market today witnessed a significant rise in the price of the Saudi riyal after the price stabilized last week. The Saudi riyals on the black market today took four pounds and ninety piasts to buy, and the sales price was five pounds.
It is noteworthy that the Saudi currency was first issued in 1741, and the currency was then a metal metal, named after Queen Teresa, which is widely used in the countries of Yemen and Hijaz and East African countries, is issued paper money under the reign of king "After Hijaz was converted to Saudi Arabia in 1932.
The increase in the exchange rate of the Saudi Riyal is logical with the start of the Umrah season and the approaching Hajj season of 2018, which led to an increase in demand for Saudi Riyals by the tourism companies. number of those who wanted to do Umrah or Hajj with the shortage of supply in Egyptian banks.