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

The price of the US dollar in Egypt is one of the most important and constantly changing economic issues, which is increasingly questioned on a daily basis, as fluctuations in the price of the dollar affect several aspects of the Egyptian economy, such as the prices of goods and services, import and export, and therefore the Egyptian market closely follows changes in the price of the US dollar. Because of its direct impact on daily life and business, here is the latest update of the price of the US dollar today, Wednesday, March 19, 2024.

The price of the US dollar on the black market

The price of the dollar on the black market

Stability was observed in buying and selling operations on the black market with the beginning of today’s trading, Wednesday. This situation comes two weeks after the Central Bank’s decision to liberalize the exchange rate of the pound against foreign currencies, with the aim of limiting the circulation of the dollar in parallel markets. Here is the latest update to the price. Dollar on the black market.

Read also: The dollar records its end on the black market.. The latest update on the price of the dollar against the Egyptian pound on the black market and banks

The price of the US dollar in Egyptian banks today

The price of the dollar on the black market

The price of the US dollar today, Wednesday, is enjoying a state of stability and calm in government and private banks. Here is the latest update on the price of the US dollar in Egyptian banks:

The price of the dollar at the central bank

The price of the US dollar was recorded today at the Central Bank, at the beginning of morning trading, at 47.10 Egyptian pounds for purchase, and 47.20 Egyptian pounds for sale.

The price of the US dollar in the National Bank

Today, Wednesday, the price of the US dollar at the National Bank reached 47.12 Egyptian pounds for purchase, and 47.12 Egyptian pounds for sale.

The price of the dollar in the Bank of Egypt

As for the price of the dollar in Banque Misr, it recorded clear stability today, Wednesday, as its price reached 47.13 pounds for purchase, and 47.13 pounds for sale.

Today’s dollar price in Cairo Bank

One US dollar was offered today, Wednesday, at the Bank of Cairo at a price of 47.23 Egyptian pounds for purchase, and at 47.13 Egyptian pounds for sale.

The dollar in the Commercial International Bank

The price of the US dollar today, Wednesday, at the Commercial International Bank (CIB), recorded about 47.20 Egyptian pounds for purchase, and 47.10 Egyptian pounds for sale.

Read also: An imaginary decline in the price of gold today in Egypt… 21 karat record a surprise!

What is the black market in Egypt for currencies?

It is an illegal market in which foreign currencies are exchanged outside official banking transactions.

What is the reason for the decline in the price of the dollar on the black market?

Trading in the US dollar on the black market was halted, minutes after the Council of Ministers announced the pumping of new investments amounting to US$35 billion into the Ras El Hekma project.

Where do I find the black market?

The black market is not a geographical or spatial location, but rather an economic term applied to channels of informal trade exchange.

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