Saudi Riyal Rises Against Egyptian Pound in Five Banks

The Saudi Riyal rose against the Egyptian pound in five Egyptian banks last week; Friday purchase rates ranged from 14.83 to 14.89 pounds.

• The riyal rose 22–34 piasters in five banks over the week ending Thursday, per rates published on their websites.
• Friday rates held steady; the Central Bank of Egypt quoted 14.91 pounds for purchase and 14.95 for sale.
• The National Bank of Egypt quoted 14.84 pounds for purchase and 14.94 for sale on Friday.
• The Commercial International Bank quoted 14.89 pounds for purchase, up 32 piasters from the prior week.