2023-08-20 10:34:08
Sunday, 08-20-2023 01:34 PM
The price of the dollar stabilized today in Egypt once morest the pound, amid anticipation on the black market.
The market interacted with the positive news from the government, which approved the requests of some private companies to buy land in dollars, which supports the increase in liquidity in the market and the government’s dollar resources.
This step aims to increase dollar revenues to face the dollar scarcity crisis, as the government has adopted a number of initiatives that would attract foreign investments and currencies from abroad.
The decision to sell lands in dollars coincided with President Abdel Fattah El-Sisi issuing a decision to renew Hassan Abdullah as Acting Governor of the Central Bank of Egypt for a year starting from August 18, 2023.
As Hassan Abdullah, Acting Governor of the Central Bank, completes his procedures and steps towards adopting a monetary policy to counter high inflation rates, contrary to the reform steps regarding following a flexible exchange rate policy in accordance with agreements with the International Monetary Fund in December 2022.
dollar price
The price of the dollar in the Central Bank of Egypt stabilized at its previous levels, at 30.82 pounds for purchase and 30.95 pounds for sale.
The dollar trades on the black market between 38 pounds and 40 pounds, despite the stability of the price of the dollar in the official market at the level of 30.95 pounds to the dollar.
The price of the dollar today in the bank
In banks operating in the Egyptian market, the price of the dollar once morest the pound recorded today, at 30.85 pounds for purchase, and 30.95 pounds for sale.
The price of the dollar today in the Bank of Cairo
The price of the US dollar once morest the Egyptian pound reached 30.85 pounds for purchase and 30.95 pounds for sale at Banque du Caire.
The price of the dollar today in the National Bank
The price of the dollar today once morest the Egyptian pound in the National Bank of Egypt (the largest government bank) recorded 30.75 pounds for purchase and 30.85 pounds for sale.
The price of the dollar today in Banque Misr
The price of the dollar today in Banque Misr recorded 30.75 pounds for purchase and 30.85 pounds for sale.
The price of the dollar in the Bank of Alexandria
In the Bank of Alexandria, the purchase price of the dollar today once morest the pound reached 30.85 pounds, while its selling price reached 30.95 pounds.
The price of the dollar in cib bank
The price of the dollar today in Egypt at the Commercial International Bank maintained its previous prices at 30.85 pounds for purchase and 30.95 pounds for sale.
The price of the dollar today in Abu Dhabi Islamic Bank
The price of the dollar stabilized today once morest the pound in Abu Dhabi Islamic Bank, at 30.9 pounds for purchase and 30.95 pounds for sale.
The price of the dollar today in exchange companies
The exchange rate of the dollar once morest the pound in exchange companies stabilized at 30.75 pounds for purchase and 30.95 pounds for sale.
What happens in the black market?
The price of the dollar on the black market today reached 38 and 40 pounds for sale, while the market is witnessing a state of anticipation and confusion, once morest the backdrop of expectations of a new devaluation of the Egyptian pound once morest the US dollar.
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