A major change in the exchange rate of the dollar against the Egyptian pound today on the black market. Learn about the new exchange rate in banks

Recently, panic has spread within the Egyptian market, and many people have tended to get rid of the pound and buy gold and real estate or acquire the dollar. However, during the past few days, the price of the dollar has dropped against the Egyptian pound unexpectedly, as the price of the currency is exposed to very large speculations, and thus with the cessation of speculations from… It is expected that these major declines will occur, and the latest update of the price of the US dollar against the Egyptian pound was as follows.

The price of the US dollar on the black market

The price of the US dollar on the black market

The currency market in Egypt is witnessing a noticeable rise, but this time in the exchange rate of the pound against the US dollar, which reached 51 and 52 Egyptian pounds yesterday. These levels of the price of the dollar against the pound are considered much lower than their counterparts at the end of last week.

  • The price of 1 US dollar recorded today, Tuesday, at 51.10 Egyptian pounds.

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The price of the US dollar in the Central Bank of Egypt

The price of the US dollar on the black market

  • The US dollar recorded clear stability in the Central Bank of Egypt according to Tuesday’s transactions, as 1 US dollar today recorded a price of 50.84 pounds for purchase, and 50.9 pounds for sale.

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Commodity prices and their relationship to the dollar

Despite the recent significant decline in the exchange rate of the US dollar against the Egyptian pound on the black market, commodity prices still maintain their levels and have not witnessed any decline.

Accordingly, citizens said that commodity prices did not improve or even decline by the amount of the decline in the price of the dollar, as merchants price goods based on the price of the dollar on the black market.

Note that the price of gold has already begun to decline, as the price of a gram of 21 carat gold reached about 3,500 pounds, compared to 4,000 pounds in last week’s trading.

What is the black market in Egypt?

The black market is an illegal parallel market, in which foreign currencies are exchanged outside of formal bank transactions.

Is it possible to transfer dollars to Vodafone Cash?

Vodafone Cash only supports money transfers within Egypt, and it does not appear to support international transfers or transfers in foreign currencies.

Is carrying a dollar a crime?

Carrying currency, whatever its type, is a normal thing and cannot be a crime or a violation of the law.

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