A noticeable decline in the price of the dollar against the Egyptian pound in today’s transactions in banks and the market

The US dollar is one of the most important foreign currencies that affect the global economy, and it is also a safe haven for many savers and investors in times of economic turmoil. During the last hours, the US dollar recorded a decline of 7.6% today, Thursday, March 21, 2024, since the beginning of the float on the sixth of March, coinciding with… The price of the dollar fell in the parallel markets after citizens’ demand to exchange the currency from within banks since the decision to liberalize the exchange rate and unify the price between banks and the black market. Below we review for our readers the developments in the price of the dollar in banks and the black market during today’s transactions.

Decline in the price of the US dollar in banks

Today's dollar price on the black market

At the beginning of morning trading within Egyptian banks on Thursday, March 21, 2024, the price of the US dollar continues to decline as the proceeds of concessions against the Egyptian pound continue, as the price of the dollar in banks is recorded as follows:

Egyptian Central Bank

  • When buying, the dollar records about 46.89 Egyptian pounds, and when selling, it records 47.02 Egyptian pounds.

National Bank of Egypt

Egypt Bank

  • When buying, the dollar against the pound recorded about 46.94 Egyptian pounds, and when selling, it recorded 47.04 Egyptian pounds.

Read also: Urgent: A significant decline in the price of the dollar against the Egyptian pound on the black market and in Egyptian banks

Egyptian Land Bank

Arab International Bank

  • When buying, the dollar against the pound recorded about 46.90 Egyptian pounds, and when selling, it recorded 47.00 Egyptian pounds.

United Bank

  • When buying, the dollar records about 46.90 Egyptian pounds, and when selling it records 47.00 Egyptian pounds.

Emirates NBD Bank

Suez Canal Bank

  • When buying, the dollar against the pound recorded about 46.90 Egyptian pounds, and when selling, it recorded 47.00 Egyptian pounds.

The price of the US dollar on the black market

Today's dollar price on the black market

With the decline in the price of the dollar within various Egyptian banks, the US dollar continues to offer concessions on the level of buying and selling prices on the black market, as the average price of the US dollar currency reached about:

  • The average exchange rate of the US dollar against the Egyptian pound in sales is about 47.40 Egyptian pounds.

  • The average exchange rate of the US dollar against the Egyptian pound for purchases is 47.00 Egyptian pounds.

Read also: Urgent: Gold reaches the highest prices again.. The latest update is the price of a gram of 21 carat gold in Egypt

Who is the owner of the picture on the dollar?

He is Benjamin Franklin

What happens when the price of the dollar rises?

This results in 1% inflation.

What is the ruling on selling on the black market?

This falls within the provisions of prohibited monopoly.

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