dollar in Egypt

The exchange rate of the dollar maintained its stability in the Egyptian market, at a somewhat balanced level, and rose slightly to 30.83 pounds per dollar, given last Thursday’s transactions, which recorded 30.85 pounds. Globally, the dollar index, which measures the performance of the US currency against six major currencies, fell to 0.604%, while traders await the Federal Reserve’s monetary policy meeting, which is expected to result in an interest rate increase of 25 basis points next Wednesday.

The market is in a phase of saturation..and the black market is disappearing

For his part, Dr. Wael Al-Nahhas, an expert and economic advisor, called on investors and hoarders of the dollar to abandon it and sell it before the expected losses that await the green paper, stressing that the Egyptian market is witnessing a state of saturation that portends the black market disappearing from the scene little by little, especially after the availability of the American currency, along with a commitment By the end of March, the country will pass a critical period in the life of the nation’s economy, followed by stability in the exchange rate during the current year and the level of inflation in the country.

Al-Nahhas explained in a statement to Al-Ousboa that the best investment with a return equal to what was achieved through the black market and more, which is to accelerate the purchase of savings vessels with stable and safe returns far from black market speculation and manipulation of the psyches of investors or savers, when the return reaches between 20% to 25%. %, you achieved more returns than you achieved in black market speculation on the dollar.

It is expected that the price of the dollar will not exceed the level of 34.50 pounds in any way during the coming period, due to many considerations, including that the most difficult two months in the first half of the year are February and March (few days and turn its pages). If we pass them safely, there will be stability in the exchange rate during this year. .

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A blow awaits black market traders

He added that the black market traders were aspiring to a plan to raise the dollar to the level of 35-36 pounds, but they were surprised that the necessary demand was not available, and for this reason the price fell to a stable area. He said, “From my point of view, I see that the fair price at the present time is 28.70 pounds to the dollar, provided that it does not exceed the level of 32 during the coming period, as it is a fair price at the official level.

Al-Nahhas indicated that the time for saving and hoarding the dollar is over, and the time has come to abandon it by investing in bank certificates with fixed and high returns, as has been indicated, and it is advice to everyone who has dollars so as not to lose them soon, especially black market traders.

The price of the dollar today in banks operating in Egypt

Dollars in the National Bank

The price of the dollar in the National Bank of Egypt reached 30.75 pounds for purchase and 30.85 for sale.

The dollar in Banque Misr

The price of the dollar against the Egyptian pound in Banque Misr reached 30.75 pounds for purchase and 30.85 for sale.

The dollar in the Bank of Alexandria reached 30.85 pounds for purchase and 30.95 pounds for sale.

The price of the dollar in the Suez Canal Bank reached 30.85 pounds for purchase and 30.95 pounds for sale.

The dollar in Abu Dhabi Islamic Bank to 30.88 pounds for purchase and 30.93 pounds for sale.

The price of the dollar in The United Bank is 30.85 pounds for purchase and 30.95 pounds for sale.

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