The total uses of foreign exchange by banks during the period (1/1 – until 04/30/2023) amounted to about $6,558,056,183, compared to $5,918,227,641 during the same period last year 2022, which shows an increase of about $639,828,542, and a growth rate of 10.8%, according to the report, that our source obtained from the Central Bank, which discloses all foreign exchange sales at the level of the country, countries, companies, and commodities.
The National Commercial Bank also ranked first as the most used bank for foreign exchange during the period (1/1 – until 04/30/2023), recording a market share of 14.6%, with the total amounts amounting to about $959,628,959, while Wahda Bank came in second place with a value of 795,210,720 dollars.
The number of companies, factories, public entities, and other entities reached (1,195) beneficiaries, whose requests were approved during the period (1/1 – to 04/30/2023) to obtain foreign exchange, with a number of requests amounting to about 5,012 requests, most of these requests were to cover letters of credit. .
The United Arab Emirates obtained about 41.7% of bank transfers to cover letters of credit or other transfers, taking the first place as the most beneficiary country, then the State of Turkey came in second place.
As for the goods or services of Turkish origin, they came in the first place, then the imports of goods or services of Chinese origin came in the second place, and the goods or services of Egyptian origin came in the third place.
Whereas, the Thel Ateen Company for the manufacture of dairy and its derivatives, and Al Naseem Food Industries, topped the private sector companies as the most companies that used foreign exchange, while Libyana Mobile Phone Company came in the first place among the public sector companies.