The stability of the dollar in banks and the rise in the price of the dollar on the black market today, Saturday, June 22, 2024. A look at the future of the Egyptian economy

On Saturday, June 22, 2024, the price of the US dollar stabilized in Egyptian banks since the Eid al-Adha holiday, which led to calm in the official markets. On the other hand, the price of the dollar witnessed a noticeable increase on the black market, where it recorded 48.57 pounds, which reflects the continued strong demand for the American currency. Outside the official range and recording the highest price for the dollar since the beginning of the decline over the past 3 months.

Effects of central bank decisions

With the central bank’s decision to stabilize the interest rate, many are awaiting its impact on prices in the coming days. The price of the dollar is considered one of the main drivers of the Egyptian economy, so any changes in its price greatly affect the market.

The highest price of the dollar on the black market (rumors)

Below is a list of black market dollar prices against the Egyptian pound:

  • 1 US dollar = 63.28 Egyptian pounds
  • 5 US dollars = 316.4 Egyptian pounds
  • 10 US dollars = 632.8 Egyptian pounds
  • 25 US dollars = 1,582 Egyptian pounds
  • 50 US dollars = 3,164 Egyptian pounds
  • 100 US dollars = 6,328 Egyptian pounds
  • 150 US dollars = 9,492 Egyptian pounds
  • 200 US dollars = 12,656 Egyptian pounds
  • 250 US dollars = 15,820 Egyptian pounds
  • 300 US dollars = 18,984 Egyptian pounds
  • 500 US dollars = 31,640 Egyptian pounds
  • 700 US dollars = 44,296 Egyptian pounds
  • 1000 US dollars = 63,280 Egyptian pounds

Today’s dollar price on the black market (actual trades)

  • 1 US dollar = 48.57 Egyptian pounds
  • 5 US dollars = 242.85 Egyptian pounds
  • 10 US dollars = 485.7 Egyptian pounds
  • 25 US dollars = 1,214.25 Egyptian pounds
  • 50 US dollars = 2,428.5 Egyptian pounds
  • 100 US dollars = 4,857 Egyptian pounds
  • 150 US dollars = 7,285.5 Egyptian pounds
  • 200 US dollars = 9,714 Egyptian pounds

Dollar prices in Egyptian banks

Here are the dollar prices at the National Bank of Egypt and Banque Misr against the Egyptian pound:

  • The price of the US dollar in the National Bank of Kuwait: about 47.75 pounds to buy, and 47.85 pounds to sell.
  • The price of the US dollar at Abu Dhabi Islamic Bank: about 47.75 pounds to buy, and 47.85 pounds to sell.
  • The price of the US dollar in Banque Misr: about 47.66 pounds to buy, and 47.76 pounds to sell.
  • The price of the US dollar at Cairo Bank: about 47.66 pounds to buy, and 47.76 pounds to sell.
  • The price of the US dollar at the Bank of Alexandria: about 47.66 pounds to buy, and 47.76 pounds to sell.
  • The price of the US dollar at CIB Bank: about 47.66 pounds to buy, and 47.76 pounds to sell.
  • The price of the US dollar in the National Bank of Egypt: about 47.66 pounds to buy, and 47.76 pounds to sell.

With the stability of the dollar in banks and its rise on the black market, everyone is anticipating the upcoming movements in the market and their impact on the Egyptian economy, as this relative stability is an opportunity to accurately monitor and anticipate future changes.

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