Saudi Riyal rises against Egyptian Pound at market close

The Saudi Riyal experienced a rise against the Egyptian Pound at the close of trading on Thursday, October 1, 2026. This increase occurred amid a broader decline of the Egyptian Pound against various other currencies.

In the banking sector, the highest selling price for the Riyal was recorded at 14.12 EGP at National Bank of Kuwait, followed by 14.01 EGP at the Industrial Development Bank. The Central Bank of Egypt reported an average rate of approximately 13.92 EGP for purchase and 13.96 EGP for sale.

Regarding monetary policy, the Central Bank of Egypt has maintained interest rates at 19% for deposits and 20% for lending. Additionally, Egypt's foreign exchange reserves rose by $920 million to reach $57.21 billion in August, up from $56.29 billion at the end of July.