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Forex trading hovers over SAR 10m/day in Makkah

Forex trading hovers over SAR 10m/day in Makkah
Makkah’s forex trade did not exceed SAR 5 million a day during the first 20 days of Ramadan

Riyadh – Mubasher: The total value of Makkah’s foreign currency trading hiked by around SAR 11 million to SAR 12 million a day during the last ten days of the holy Muslim month of Ramadan, a senior money exchange businessman in Makkah told Al Eqtisadiah newspaper.

During the first 20 days of Ramadan, forex trade did not exceed SAR 5 million a day, Adel Multani said.

Al Multani noted that forex trade was expected to reach 100% or 120% in the last days of Ramadan.

The US dollar was the most traded currency in Makkah, followed by the Euro and other African currencies.