Dear followers on all Banker platforms, welcome to a new tour and the latest prices in the financial markets, currencies and precious metals at the beginning of the middle of today’s trading, Sunday, March 3, 2024.
The beginning is from the black market for the dollar, which is still bleeding, and the merchants are still living in shock, hoping that time will come back, but the pound is rising like a rocket, and prices have fallen to the ground.
The dollar recorded on the black market, which now closed between 34 and 36 pounds, with transactions almost halting since the signing of the Ras al-Hikma deal, the influx of huge investments, and the continuation of security campaigns on currency traders.
What is strange is that black market traders are still playing the old game and publishing fake news and prices on applications in a desperate attempt to revive the dead market.
We all know, of course, the reason for the fall of the dollar on the black market, which began before even the Ras al-Hikma deal, and the starting blow was the strong security campaigns around the clock, which were able to catch the whales of corruption, currency, gold, and the dollar, and killed millionaires, billionaires, businessmen, and officials as well, and the law is not great.
After the security strikes that reduced the price of the dollar in the parallel market from 73 to 62 pounds, the government struck and announced the Ras al-Hikma deal, which was the last gasp in the parallel dollar market.
Two hours after Ras El Hikma, the black market began to collapse from 62 pounds until now, reaching a range of 34 pounds to 36 pounds. And still, with the new deals that the government will announce soon in El Alamein, the Red Sea, Sinai, and downtown, the dollar will fall in price even in the banks, because the whole issue is supply and demand, and tomorrow we will see. When the pound regains all its strength, how much will it be?
From the dollar to Arab currencies, which also collapsed dramatically in recent days for the first time. The price of the Saudi riyal on the black market is close to the bank rate.. There is also a collapse in the price of the Kuwaiti dinar on the black market..
Today, the price of the Saudi riyal recorded a new decline on the black market. Coinciding with the implementation of the Ras El Hekma deal, $35 billion was pumped into Egyptian banks within two months, and it is now recorded in the parallel market between 11 and 12 pounds.
The price of the Kuwaiti dinar fell by 30 pounds in a week, since the government announced the major investment deal, and then implemented the Ras al-Hekma deal with Emirati investors. To score between 120 and 130 pounds in the parallel market.
From the black market, we go to the Central Bank and the latest prices for the dollar and currencies in the middle of the three-day trading..
The average price of the dollar at the Central Bank of Egypt was 30.83 pounds for purchase and 30.96 pounds for sale.
The price of the dollar in the National Bank reached 30.75 pounds for purchase, 30.85 pounds for sale
The price of the dollar in Banque Misr recorded 30.75 pounds for purchase, 30.85 pounds for sale
The Commercial International Bank offered the price of the dollar at 30.85 pounds for purchase and 30.95 pounds for sale.
The price of the dollar at Qatar National Al Ahli Bank recorded 30.85 pounds for purchase, 30.95 pounds for sale.
The price of the dollar in Faisal Bank recorded 30.85 pounds for purchase, 30.95 pounds for sale
The price of the dollar in Abu Dhabi Islamic Bank recorded 30.90 pounds for purchase, 30.95 pounds for sale.
The price of the dollar against the Egyptian pound inside the branches of the Cairo Bank reached levels of 30.85 pounds for purchase, compared to 30.95 for sale.
The price of the dollar against the Egyptian pound inside the branches of the National Bank of Kuwait reached 30.85 pounds for purchase, compared to 30.95 for sale.
At the level of Islamic banks, the price of the dollar inside Al Baraka Bank against the pound came at 30.85 pounds for purchase, and 30.95 for sale.
The price of the dollar on the SAIB Bank website reached 30.85 pounds for purchase at the end of trading, and 30.95 for sale.
Med Bank displayed the price of the dollar against the Egyptian pound in branches and websites at levels of 30.85 pounds for purchase, and 30.95 for sale.
Governor of the Arab and foreign currency markets at the Central Bank of Egypt
The average price of the euro was recorded in the Central Bank of Egypt. 33.39 pounds to buy and 33.54 pounds to sell.
While the average price of the pound sterling at the Central Bank was 38.99 pounds for purchase and 39.16 pounds for sale.
The price of the Swiss franc in the Central Bank of Egypt stabilized at 35.02 pounds for purchase and 35.18 pounds for sale.
100 Japanese yen at the Central Bank recorded 20.55 pounds for purchase and 20.64 pounds for sale.
As for the Kuwaiti dinar, it recorded 100.17 pounds for purchase and 100.62 pounds for sale.
The price of the Qatari riyal in the Central Bank of Egypt stabilized at 8.45 pounds for purchase and 8.49 for sale
From the dollar and currencies to the gold markets in the middle of trading today, Sunday…
The price of gold rose today, Sunday, in Egypt in the middle of trading, and the gram increased by 25 pounds, compared to the prices at the beginning of trading, according to what Naguib Naguib, former Secretary General of the Gold Division of the Cairo Chamber of Commerce, told Masrawy.
The price of 24 karat gold increased to about 3189 pounds per gram.
The price of 21 carat gold rose to 2790 pounds per gram.
The price of 18 karat gold rose to about 2391 pounds per gram.
14-karat gold prices rose to 1,860 pounds per gram.
The price of the gold pound reached 22,320 pounds, and the price may vary from one merchant to another, and this price is equal to the value of gold in the pound.
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From the Egyptian gold market to the gold prices in the Saudi market, which millions of Egyptians follow due to the huge volume of Egyptian labor in Saudi Arabia and the continued validity of…
An initiative to enter gold at reduced fees with expatriates
Today, Sunday, 21-karat gold prices in the Kingdom of Saudi Arabia witnessed stability, following the last rise yesterday, coinciding with the stability of the price of the yellow metal globally, and the arrival of an ounce to $2,052, during the latest update.
The price of 24 karat gold in the Kingdom of Saudi Arabia was 247.46 Saudi riyals, equivalent to 65.99 US dollars.
The price of 21 carat gold in Saudi Arabia reached 216.54 riyals, equivalent to 57.74 dollars.
The price of 18 karat gold in Saudi Arabia reached 185.60 riyals, equivalent to 49.49 dollars.
Finally, the price of an ounce in Saudi Arabia today recorded 7696 Saudi riyals, equivalent to 2052 dollars.
From prices to monitoring of the most important events and economic news on Live Midday and details of the Magic Land Al Hokair project in the Media Production City with investments of one billion and 100 million pounds..
The Egyptian Company for Media Production City revealed that it will cooperate during the coming period with the Saudi Magic Land Al Hokair Company to establish a new entertainment project on the lands of Media Production City, and all details will be announced once a final agreement is reached.
The company confirmed that it has a desire to exploit and develop the lands owned by it in a way that ensures achieving sustainable financial returns, stressing that the company obtained the financial amounts due in exchange for the usufruct right from the Saudi Al Hokair Company for the land of the Magic Land project.
According to the agreement signed between the two parties in 2018, Al Hokair Investment and Development Company will pay for the usufruct right of Magic Land, worth 12 million pounds annually, and an increase of 300 thousand pounds for each year of the contract period, which is 30 years, in addition to 5% of the total annual profit. .
He pointed out that the company is considering entering the field of tourism investment by establishing a 4-star tourist hotel on a partnership system and in cooperation with one of the entities that owns the land next to the Grand Egyptian Museum.
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