While a state of stability prevails over The exchange rate of the dollar against the Egyptian pound in the official market, The parallel “black” market is witnessing a state of great confusion, which is evident on the pages that follow the exchange rates on social media platforms.
Dealers confirmed that there is no actual implementation of buying or selling the US dollar against the Egyptian pound outside the official market, with the demand for hard currencies, especially the US dollar, declining.
In the official exchange market, the highest rate of the US dollar against the Egyptian pound was recorded at the Housing and Development Bank at 24.20 pounds for purchase, compared to 24.30 pounds for sale.
While the US dollar against the Egyptian pound at the Abu Dhabi Islamic Bank recorded a level of 24.16 pounds for purchase, compared to about 24.25 pounds for sale.
In 15 banks led by Mashreq and the Arab International Banking Company, the US green paper recorded a level of 24.15 pounds for purchase, compared to about 24.25 pounds for sale.
At the Central Bank of Egypt, the exchange rate of the US dollar against the Egyptian pound stabilized at 24.11 pounds for purchase, compared to about 24.24 pounds for sale.
The lowest dollar exchange rate in 7 banks, led by the National Bank of Egypt and Banque Misr, was at 24 pounds for purchase, compared to 21.10 pounds for sale.
In terms of the major currencies, the European Euro exchange rate recorded increases ranging between 10 to 14 piasters.
The euro exchange rate at the National Bank of Egypt and Banque Misr recorded a level of 23.71 pounds for purchase, and 23.97 pounds for sale.
The European currency at the Central Bank of Egypt recorded a level of 23.98 pounds for purchase, and 24.09 pounds for sale.
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The exchange rate of the pound sterling at the National Bank of Egypt and Banque Misr recorded a level of 27.51 pounds for purchase, compared to about 27.87 pounds for sale.
At the Central Bank of Egypt, it reached 27.86 pounds for purchase, and 27.99 pounds for sale.
In the Arab world, the Saudi riyal exchange rate recorded slight increases against the Egyptian pound, as it rose at the National Bank of Egypt and Banque Misr to the level of 6.38 pounds for purchase, compared to about 6.41 pounds for sale.
While the exchange rate of the UAE dirham continued to rise against the Egyptian pound, recording a level of 6.54 pounds for purchase, and 6.56 pounds for sale at the National Bank of Egypt and Banque Misr.
The Kuwaiti dinar exchange rate also rose to new levels, as it rose at the National Bank of Egypt and Banque Misr to the level of 74.54 pounds for purchase, and 77.56 pounds for sale.
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