2024-02-24 11:08:00
Islam Saeed wrote Saturday, February 24, 2024 01:08 PM
to attest Black market for dollars A significant decline during the past 48 hours, as the dollar fell from levels of 64 pounds to 52 pounds in today’s trading, a decrease of approximately 12 pounds, with buying and selling completely stopping in the market.
These declines came minutes following the Council of Ministers announced the injection of new investments amounting to $35 billion within the Ras El Hekma project, which caused great confusion in the parallel market and the lack of knowledge of the real price of the American currency.
On the other hand, the continued decline of the dollar on the black market below 52 pounds caused the price of gold to decline in the Egyptian market today, Saturday, to its lowest level in 3 months, and a gram of 21 carat gold, which is the best-selling in Egypt, recorded 3,000 pounds per gram amid a decrease in the actual demand for gold during the current period, as well as Because of the fall of the dollar on the black market.
The dollar in the gold market is now calculated at 51 pounds, meaning that gold in Egypt is now priced according to a dollar calculated at 51 pounds, and this is an indication that the dollar is moving in a range much lower than that on the black market.
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