After the flotation…the price of the UAE dirham in banks today, Thursday

Written by: Mai Mustafa

The price of the UAE dirham against the pound stabilized in banks today, Thursday, March 7, 2024, after rising to its highest level ever in banks, reaching nearly 14 pounds.

The price of the UAE dirham against the pound

The price of the UAE dirham in the Central Bank of Egypt

The price of the UAE dirham against the Egyptian pound at the Central Bank was about 13.45 pounds for purchase, and 13.49 pounds for sale.

Today’s price of the Emirati dirham in the National Bank

The price of the Emirati dirham against the Egyptian pound at the National Bank was about 13.49 pounds for purchase, and 13.50 pounds for sale.

Today’s price of the Emirati dirham in Banque Misr
The price of the Emirati dirham against the Egyptian pound at Banque Misr reached about 13.49 pounds for purchase, and 13.50 pounds for sale.

The price of the Emirati dirham at the Bank of Alexandria
The price of the Emirati dirham against the Egyptian pound at the Bank of Alexandria was about 13.80 pounds for purchase, and 13.84 pounds for sale.

The price of the Emirati dirham in the Suez Canal
The price of the Emirati dirham against the Egyptian pound at the Suez Canal Bank reached about 13.45 pounds for purchase, and 13.50 pounds for sale.

The price of the UAE dirham in the Arab Investment Bank
The price of the Emirati dirham against the Egyptian pound at the Arab Investment Bank reached about 13.43 pounds for purchase, and 13.47 pounds for sale.

The price of the Emirati dirham in the United Bank
The price of the Emirati dirham against the Egyptian pound in the United Bank reached about 13.17 pounds for purchase, and 13.47 pounds for sale.

The price of the Emirati dirham in the Arab International Bank
The price of the Emirati dirham against the Egyptian pound at the Arab International Bank reached about 13.47 pounds for purchase, and 13.50 pounds for sale.

The Monetary Policy Committee of the Central Bank decided, in its extraordinary meeting yesterday, Wednesday, to raise the overnight deposit and lending interest rates and the central bank’s main operation rate by 600 basis points to reach 27.25%, 28.25% and 27.75%, respectively, and the credit rate was also raised. The discount is 600 basis points, reaching 27.75%.

The Central Bank of Egypt raises interest rates by 6%
The Central Bank said in a statement: Realizing that the decisions of the Monetary Policy Committee need time for their impact to be transmitted to the economy, the committee will continue to evaluate the balance of risks surrounding inflation with the aim of controlling inflationary expectations.

The Committee believes that the decision to raise key interest rates by 600 basis points will help tighten monetary conditions in a manner consistent with the targeted path of reducing inflation rates. These levels will be maintained until inflation converges to its desired path.



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