Kuwaiti Dinar Exchange Rates Remain Stable in Egyptian Banks

The Kuwaiti Dinar (KWD) maintained its value against the Egyptian Pound (EGP) on Friday, August 30th, 2024, with minimal fluctuations across major Egyptian banks. The central bank of Egypt recorded an average buying rate of 159.35 EGP and a selling rate of 159.73 EGP for the KWD. Other prominent banks, including the National Bank of Egypt, Bank Misr, and the Arab African International Bank, also reported similar exchange rates for the Kuwaiti Dinar. Despite recent economic challenges, the Egyptian government has reassured citizens regarding the stability of the currency and its efforts to maintain a balanced market. This stability is attributed to government interventions aimed at stabilizing the exchange rate and safeguarding the Egyptian economy.