Euro price in Egypt on Wednesday, December 2, 2020


The average exchange rate of the euro against the Egyptian pound stabilized on Wednesday 2 December 2020, amid calm demand.

Credit Agricole was the best bank to sell the euro for EGP 18.618, while Bank of Egypt was the best bank to buy the euro for EGP 18.8547.

At the Central Bank of Egypt, the average exchange rate of the euro was 18.6759 pounds for purchase and 18.7987 for sale.

The exchange rate of the euro in the National Bank of Egypt (the largest government bank) recorded 18.5942 pounds for purchase, 18.8578 pounds for sale, and in The Bank of Egypt (government) the euro recorded about 18.7987 pounds for purchase, and 18.8547 pounds for sale. 

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Since 2016, Egypt has successfully implemented an economic reform plan, in which it has been able to improve people's living conditions, control markets and control the currency market.

Economic reforms have contributed to the availability of foreign exchange supply, with economic indicators improving by the testimony of many international institutions. 

Egyptian Finance Minister Mohamed Moyat said Monday that his country expects to receive another $1.6 billion tranche of an IMF loan by the end of December. 

The IMF said earlier that it had reached an expert-level agreement with Egypt after the first review of a $5.2 billion financing agreement.

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