Media reports revealed a significant drop and decline in the price of the dollar once morest the pound in the black market during the past hours, as the dollar lost more than 6 or 7 pounds of its value within a few hours, which made some confirm that speculation on the dollar in the parallel market had stopped. Or the black market as it is called, and that came regarding days following the International Monetary Fund announced its approval of disbursing the first installment of the loan that Egypt will receive, estimated at regarding $3 billion.
The collapse of the dollar price on the black market
The journalist, “Sayed Ali,” confirmed during his presentation of the “Hazrat Al-Citizen” program, that the dollar’s price on the black market has become less than 28 pounds, and this is at a time when some people were buying the dollar a few days ago at regarding 37 US dollars, directing a message to the black market traders, saying: “ From your deeds I have power over you.”
Sayed Ali explained during his statements that what happened to the dollar on the black market is a complete collapse, stressing that the price of the dollar in banks is fixed, which surprised some speculators who thought that the dollar might reach regarding 40 pounds, but this did not happen and the dollar did not exceed the 25 barrier. pounds in banks.
The price of the dollar today once morest the pound
Responsible sources within the Egyptian banks confirmed that the dollar prices today have remained stable at the barrier of 24.70 Egyptian pounds during the end of trading today, Wednesday, December 21, 2022.
The latest updates of the dollar price once morest the Egyptian pound in all Egyptian banks came as follows:
| the bank | Purchasing price | selling price |
|---|---|---|
| Med Bank | 24.6700 | 24.7200 |
| Abu Dhabi Bank | 24.6900 | 24.7200 |
| Egyptian Gulf Bank | 24.6900 | 24.7200 |
| Ahli Bank | 24.6100 | 24.6600 |
| Al Baraka Bank | 24.6200 | 24.7200 |
| Bank of Alexandria | 24.6700 | 24.7200 |
| Arabian African Bank | 24.4400 | 24.5100 |
| central bank | 24.6580 | 24.7350 |
| Egypt Bank | 24.6100 | 24.6600 |
| Blom Bank Egypt | 24.6200 | 24.7200 |
| Faisal Bank | 23.9000 | 24.0000 |
| Credit Agricole | 24.6200 | 24.7200 |
| Piraeus Bank | 24.6700 | 24.7200 |
| Suez Canal Bank | 24.6200 | 24.7200 |
| United Bank | 24.6200 | 24.7200 |
| Commercial International Bank | 24.6500 | 24.7200 |
| Al-Masry for the development of imports | 24.1200 | 24.2000 |
| Ahli United Bank | 24.6500 | 24.7200 |
| Mashreq Bank | 24.6700 | 24.7200 |
| Arab International Bank | 24.6100 | 24.7100 |
| HSBC Bank | 24.6200 | 24.7200 |
| Sib bank | 24.6200 | 24.7200 |
| National Bank of Kuwait NBK | 24.6600 | 24.7200 |
| Industrial Development Bank | 24.6200 | 24.7200 |
| The Egyptian Arab Land Bank | 24.6600 | 24.7200 |