We find that the Saudi riyal today recorded a noticeable increase against the Egyptian pound in the middle of Thursday’s trading based on the latest update issued by the official website of the Central Bank of Egypt, which resulted in repeated questions and research to find out the price of the Saudi riyal in various banks and exchange movements against the Egyptian pound on the black market. also.
The price of the Saudi riyal in Egyptian banks 2024
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Today’s exchange rate of the Saudi riyal against the Egyptian pound in banks varies slightly, as follows:
Egyptian Central Bank
We find that the average price of the Saudi riyal today in the bank is: 13.19 pounds to buy, 13.21 pounds to sell.
National Bank of Egypt
The exchange rate of the Saudi riyal against the Egyptian pound was: 13.19 pounds to buy and 13.25 pounds to sell.
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Egypt Bank
The bank recorded the price of the Saudi riyal today against the Egyptian pound: 13.19 pounds to buy, 13.24 pounds to sell.
Commercial International Bank
The Commercial International Bank displayed the exchange rate of the Saudi riyal today: 13.13 pounds to buy, 13.23 pounds to sell.
Suez Canal Bank
Today, the Suez Canal Bank recorded the Saudi riyal: 13.15 pounds to buy and 13.23 pounds to sell.
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Today’s price of the Saudi riyal against the Egyptian pound on the black market 2024
Currently, the exchange rate of the Saudi riyal against the Egyptian pound on the black market has become very close to the exchange rate in banks, so the price is as follows:
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- 1 Saudi riyal came with a value of: 13 Egyptian pounds.
- 5 Saudi riyals, their value was: 66 Egyptian pounds.
- 10 Saudi riyals, their value was: 132 Egyptian pounds.
- The price of 25 Saudi riyals today reached: 331 Egyptian pounds.
- The exchange rate of 50 Saudi riyals today: 662 Egyptian pounds.
- The exchange rate of 100 Saudi riyals today reached: 1.324 Egyptian pounds.
- The price of 500 Saudi riyals today reached: 6,620 Egyptian pounds.
- The value of 1,000 Saudi riyals today is 13,240 Egyptian pounds.
- The exchange rate of 5 thousand Saudi riyals amounted to: 66,200 Egyptian pounds.
- The value of 10 thousand Saudi riyals today: 132,400 Egyptian pounds.
The decision to raise interest rates by the central bank
Yesterday, the Central Bank of Egypt surprised everyone with a decision after it met exceptionally with the Monetary Policy Committee, which resulted in raising the rates of both the deposit and lending returns, in addition to the Central Bank’s basic operation rate, by 600 basis points, making the ratio 27.25%, 28.25%, and 27.75% respectively. Successively, the credit and discount rates were also raised by 600 points, also reaching 27.75%.
Do Saudi banks accept the Egyptian pound?
Yes, as the bank issued statements denying the news that promoted stopping dealing in the Egyptian pound and added that the Egyptian currency is one of the currencies approved by Al Rajhi Bank and all other Saudi banks that accept transactions.
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Where can I buy a Saudi riyal?
With ease, an individual can buy Saudi riyals within exchange companies and various banks. This is officially for those traveling to Saudi Arabia for the purpose of Umrah or Hajj, and the exchange is made based on certain conditions that the customer is required to fulfill to ensure that he actually deserves the marks.
Is it permissible to work in Saudi banks?
The relevant authorities have already responded that an individual may work within Saudi banks, but only those that implement the instructions of the Islamic religion and fulfill the rules of the Sharia Board, and the most prominent of these banks are (Al Rajhi Bank, Al Bilad Bank).
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