2024-03-14 21:59:40
Dear followers on all Banker platforms, welcome to a new tour and the latest prices in the financial markets, currencies, precious metals, and economic events in the middle of today’s trading, Thursday, March 14, 2024.
The beginning from the Central Bank and the latest prices of the US dollar in banks at the beginning of trading today, Thursday, following the Central Bank’s decision to float the pound, liberalize the exchange rate, and raise interest… We have seen over the past few days how the dollar continued to decline in bank trading gradually, and its price fell before reaching the equilibrium point with the pound. Financial markets gradually stabilized, and dollar prices fell by regarding 3 pounds within less than a week of the floatation decision, following exceeding 50 pounds in the first hours of the float.
Dollar prices witnessed a new decline in the middle of Thursday’s trading once morest the pound in Egyptian banks, while the price of the dollar in the Central Bank of Egypt maintained a price of 48.35 pounds for purchase, and 48.49 pounds for sale.
Today, the price of the dollar at the National Bank continued to decline during the middle of banking trading, recording 47.8 pounds for sale, and 47.9 pounds for purchase.
A new loss was recorded by the price of the dollar today at the Banque Misr, recording 47.79 pounds for purchase, while it recorded 47.89 pounds for sale, following the Central Bank of Egypt’s decision to raise the interest rate last week.
The price of the dollar fell today, Thursday, once morest the pound inside the Bank of Alexandria now, to record 47.75 pounds for purchase, and 47.85 pounds for sale.
The price of the dollar fell today, Thursday, once morest the pound at CIB Bank now, recording 47.75 pounds for purchase, and 47.85 pounds for sale.
The price of the dollar has now fallen inside the Cairo Bank, recording a value of 47.8 pounds for purchase and 47.9 pounds for sale at midday trading on Thursday.
From the dollar to gold prices in the middle of transactions at goldsmiths..
The price of gold continued to decline in Egyptian goldsmiths, in the middle of trading in all calibers, and 21 karat has now decreased by regarding 130 pounds, the price of a gram of 24 karat gold has also decreased, and the price of gold today is 18 karat.
According to the Gold and Jewelry Division, the average price of gold today, Thursday, March 14, 2024, in the middle of goldsmiths’ trading, recorded the following levels:
The price of 24 karat gold at midday trading today, Thursday: 3394.2 pounds for sale
The price of 21 karat gold at midday trading today, Thursday: 2970 pounds for sale
The price of 18 karat gold at midday trading today, Thursday: 2545.7 pounds for sale
The price of the gold pound at midday trading today, Thursday, in Egypt: 23,760 pounds for sale.
From the Egyptian goldsmiths to the Saudi gold market, which is followed by a large number of Egyptians due to the large number of Egyptians in Saudi Arabia and the validity of the initiative to enter gold without fees with expatriates.
The price of a gram of 24 karat gold in Saudi Arabia today was regarding 260 riyals
The price of 21 carat gold in Saudi Arabia today reached regarding 227 Saudi riyals
The price of 22 carat gold in Saudi Arabia stabilized today, Thursday, at 238 Saudi riyals
The price of a gram of 18 carat gold in today’s trading in Saudi Arabia reached 195 Saudi riyals
The price of 14 karat gold in the Saudi market stabilized at 152 Saudi riyals.
I am still with you, live, at midday, and we will go from currencies and gold to the most important economic news today in the Egyptian markets.. and the beginning is with President Sisi’s decision to ratify Law No. 16 of 2024 regarding passports, which was approved by the House of Representatives.
The decision stipulates that the Minister of the Interior shall determine, with the approval of the Minister of Foreign Affairs, the form of the passport, its validity period, its specifications, and the value of the fee collected for it, not to exceed one thousand pounds, in addition to the fees prescribed by other laws.
The following news is with us on a mid-day tour of the General Mobilization and Statistics Authority, which said very important and happy numbers at the same time, including a decrease in the import bill to more than 13 billion dollars, by 13% during 2023 only, and according to data on Egyptian imports from all countries of the world, the import bill reached 83.2 One billion dollars in 2023, compared to 96.2 billion dollars in 2022
Egypt imported $5.4 billion from the United States of America, $5.2 billion from Saudi Arabia, $5 billion from Russia, $4.1 billion from Germany during 2023, $3.2 billion from Italy, and $3.2 billion from India. .
The latest numbers confirm the success of the policy of localizing the national industry, providing a local alternative, and increasing exports within the plan to completely eliminate the dollar shortage crisis
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The latest news with us live at midday from in front of the official exchange companies, which witnessed a crowding of citizens to sell dollars instead of the black market for currency following the decision to float the pound.
Exchange companies in a number of governorates witnessed a large demand from citizens to sell foreign currencies, especially the dollar, and exchange them for the Egyptian pound, which has witnessed a significant increase once morest the dollar in recent days.
Pictures in front of exchange offices in the governorates revealed queues of citizens lined up to sell the dollar, following witnessing the continued decline of its value in banks since the Central Bank’s decisions to leave the laws of supply and demand to determine the fair price of the pound once morest the dollar, as the price of the dollar today reached 47.70 pounds.
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