Kuwaiti Dinar Holds Steady Against Pound
The Kuwaiti dinar remains the highest-valued Arab currency against the Egyptian pound, with an average exchange rate of approximately 152.55 pounds, though prices vary between banks. In government banks, the purchase price at the National Bank of Egypt was 159.53 pounds, and the selling price was 160.64 pounds. Meanwhile, in Banque Misr, it was 160.31 pounds for buying and 164.44 pounds for selling. Private banks, such as Commercial International Bank (CIB), recorded a purchase price of 161.44 pounds and a selling price of 164.41 pounds. Islamic banks offered about 160.31 pounds for the dinar's purchase and 164.52 pounds for sale. The Central Bank's rate was 164.12 pounds for purchase and 165.63 pounds for sale, reflecting relatively stable currency prices. The Kuwaiti dinar is equivalent to approximately 3.28 US dollars and ranks among the world's most valuable currencies. It attracts the attention of investors and Egyptian expatriates in Kuwait, and fluctuations in its value play a significant role in shaping trade and financial transfers between Egypt and the Gulf countries.
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