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, Monday, March 4, 2024.
The beginning is from the black market for the dollar, which is still collapsing further, 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… and the great shock is for the owners of the imprisoned dollar and those who do not know how to spend it because it has an illegal origin.
The dollar recorded on the black market, which now closed at between 36 and 38 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.
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 9.5 and 9.75 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 see the latest prices for the dollar and currencies in the middle of Monday’s 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.
From the dollar, we will go to the prices of Arab and foreign currencies in the middle of bank transactions.
The average price of the euro in the Central Bank of Egypt was 33.41 pounds for purchase and 33.56 pounds for sale.
While the average price of the pound sterling at the Central Bank was 38.99 pounds for purchase and 39.17 pounds for sale.
The price of the Swiss franc in the Central Bank of Egypt stabilized at 34.87 pounds for purchase and 35.04 pounds for sale.
100 Japanese yen at the Central Bank recorded 20.53 pounds for purchase and 20.62 pounds for sale.
As for the Kuwaiti dinar, it recorded 100.14 pounds for purchase and 100.59 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
I am still with you for the mid-day tour and the latest gold prices at mid-dealing, which rose by 140 pounds per gram, compared to the prices at the beginning of trading, according to Naguib Club’s confirmation, former Secretary General of the Gold Division at the Cairo Chamber of Commerce.
The price of a gram of gold fell by 160 pounds at once at the beginning of trading, before rising again in the middle of trading.
The price of 24 karat gold increased to 3166 pounds per gram.
The price of 21 carat gold rose to 2770 pounds per gram.
The price of 18 karat gold was about 2,374 pounds per gram.
The prices of 14 karat gold rose to 1846 pounds per gram.
The price of the gold pound rose to 22,160 pounds.
As we know, the price of gold varies from one merchant to another, and this price is equal to the value of gold in the pound.
ــــــــــــــــــــــ
Among the Egyptian jewelers of the gold market in Saudi Arabia, there are very many Egyptians due to the size of the Egyptian workforce in Saudi Arabia and the entry into force of the initiative to enter gold at reduced fees with expatriates, and it is enough to know that Egyptians abroad entered more than 4 and a half tons of gold from the hour of the launch of the initiative.
We return to the Saudi gold market, which witnessed stability in the middle of trading.
The price of 21 carat gold in Saudi Arabia was 220.07 riyals, equivalent to 58.68 dollars.
The price of 24 karat gold in Saudi Arabia was 251.5 riyals, equivalent to $67.06.
The price of 22 carat gold in Saudi Arabia was recorded at 230.55 riyals, equivalent to 61.47 dollars.
The price of 21 karat gold in Saudi Arabia stabilized at 220.07 riyals, equivalent to $2,914.25.
The price of 18 carat gold in Saudi Arabia was 188.63 riyals, equivalent to 50.29 dollars.
The price of 14 karat gold in Saudi Arabia stabilized at 146.71 riyals, equivalent to 39.12 dollars.
The price of 12 karat gold in Saudi Arabia was 125.75 riyals, equivalent to 33.53 dollars.
ظهرت في الأصل على www.banker.news