2023-06-22 20:40:44
Al-Marsad Newspaper: The weak demand for the dollar in Egypt at the present time has led to huge losses for speculators in the black market.
One of the merchants said, according to Arabic. Net, that with the decline or collapse of the demand for the dollar, its prices in the parallel market fell from the level of 40 pounds at the beginning of this month to levels less than 37 pounds, and in some days it even reached the level of 34 pounds, which caused a large number of incurred losses. Traders are in heavy losses.
He pointed out that the current demand for the Saudi riyal is due to the advent of the Hajj season and the continued opening of visits to Saudi Arabia, which raised the demand for the Saudi riyal, which recorded record highs, reaching 12 pounds in some transactions, compared to 8.25 pounds in the official market.
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