2024-03-04 22:04:45
The price of the dollar on the black market recorded a new low in today’s trading, Tuesday 3/5/2024, with the Ministry of the Interior’s continued national role in controlling currency dealers and saboteurs of the national economy.
Black market confusion
A state of extreme confusion prevails in the black market following the major decline of the dollar and security strikes on currency traders, and speculators suffer huge losses following the dollar falls on the black market.
The price of the dollar on the black market today
The Egyptian pound continues to rise significantly once morest the dollar, in the parallel market, where it rose yesterday by regarding 5 to record 36 pounds to the dollar, and in some areas it recorded 34-35 pounds.
This decline comes once morest the backdrop of the influx of funds from the first tranche of the Ras al-Hikma deal worth $15 billion, which includes an Emirati deposit worth $5 billion that was transferred to the pound at the Central Bank of Egypt, along with another $10 billion that was transferred from the UAE to Egypt, while the second tranche amounts to $20 billion. Egypt will receive it within two months.
Ruin on the black market
The dollar had touched the level of 70 pounds in Egypt, before the official announcement of the “Ras El Hekma” deal, as the deal and expectations of new investment and financing flows contributed to bringing the expected price range closer to levels lower than expectations before the deal.
Markets are awaiting the Central Bank’s new float for the pound, along with a subsequent step to raise interest rates.
Official dollar rate
The Banker website provides a service that includes publishing currency rates in all Egyptian banks and the banking market, and includes an immediate update of prices if they change. Where the price of the dollar is recorded in banks:
The price of the dollar in the Central Bank of Egypt
The price of the dollar once morest the Egyptian pound in the Central Bank of Egypt recorded a price of 30.83 for buying and 30.96 for selling, at the beginning of transactions within banks.
The price of the dollar in the National Bank of Egypt
The price of the dollar once morest the Egyptian pound in the National Bank of Egypt recorded a price of 30.75 for buying and 30.85 for selling, at the beginning of transactions within banks.
The price of the dollar in the Bank of Egypt
The price of the dollar once morest the Egyptian pound in Banque Misr recorded a price of 30.75 for buying and 30.85 for selling, at the beginning of transactions within banks.
The price of the dollar in the Commercial International Bank CIB
The price of the dollar once morest the Egyptian pound at CIB Bank recorded a price of 30.85 for buying and 30.95 for selling, at the beginning of transactions within the banks.
The price of the dollar in the Bank of Cairo
The price of the dollar once morest the Egyptian pound at the Cairo Bank recorded a price of 30.85 for buying and 30.95 for selling, at the beginning of transactions within banks.
The price of the dollar in Abu Dhabi Islamic Bank
The price of the dollar once morest the Egyptian pound in Abu Dhabi Islamic Bank recorded a price of 30.90 for buying and 30.95 for selling, at the beginning of transactions within banks.
The price of the dollar in Al Baraka Bank
The price of the dollar once morest the Egyptian pound at Al Baraka Bank, the price recorded 30.85 buy and 30.95. Sale, at the beginning of transactions within banks.
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