At the beginning of today’s trading, Tuesday, May 14, 2024, the price of the dollar stabilized against the Egyptian pound, after declining by about 15 piasters yesterday, as it recorded… The price of the dollar in a number of banks At an average price of 46.99 pounds to buy and 47.12 pounds to sell.
Many currency market locals believe that the decline in the price of the dollar is due to the availability of green currency within banks, which eliminates the black market parallel to the official currency market within banks.
The dollar is expected to witness a state of fluctuation due to global developments and events in the region, in addition to the decisions of the Central Bank of Egypt that contributed to eliminating speculators in the parallel market.
Today’s dollar price against the pound in Egyptian banks
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Suez Canal Bank:
- The price of the dollar was stable at 47 pounds for purchase and 47.1 pounds for sale.
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United Bank Bank:
- The price of the dollar remained stable, recording 47 pounds for buying and 47.1 pounds for selling.
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Ahli Bank:
- The dollar price stabilized at 47.02 pounds for purchase and 47.12 pounds for sale.
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Egypt Bank:
- The price of the dollar reached 47.02 pounds for purchase and 47.12 pounds for sale.
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Commercial International Bank:
- The price of the dollar at the Commercial International Bank stabilized at 47.02 pounds for purchase and 47.12 pounds for sale.
Today’s dollar price on the black market
Many speculators are suffering from the decline in the price of the dollar in banks, which has completely eliminated the black market, and the price of the dollar recorded 47.40 pounds for purchase, and 47.50 pounds for sale.
The impact of the dollar price on prices in Egypt, as many merchants and importers have already begun to reduce prices based on the decline in the price of the dollar in banks.
Therefore, it appears that the market witnessed relative stability in the prices of the dollar against the Egyptian pound at the beginning of daily trading.