dollar on the black market… drop in prices dollar on the black market Over the past few days, he’s dropped heavily from 38 pounds to 25 pounds.
Last Thursday, December 22, the Central Bank of Egypt raised the interest rate and the deposit repayment rate was increased to 16.25%, the overnight loan to 17.25% and the rate to 16.75% and the credit and discount interest rate was raised to 16.75%, which strengthened the value of the pound as the dollar price in the Central Bank of Egypt recorded approximately £24.71 buy, £24.79 sell.
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The black market has been confused in recent days due to intensive state measures, including the announcement of the International Monetary Fund’s approval of a $3 billion loan to Egypt, as well as the Central Bank’s decision to raise the interest rate by 300 basis points, or 3%, as well as the gold market, exports, foreign withdrawals and other measures.
The dollar index fell sharply globally to a low it hasn’t touched since May 1, and was the lowest point in 8 months, while the green dollar fell sharply locally in parallel market, down as much as 35% at under 28lbs and sometimes reaching 25lbs in some cases after exceeding 38lbs.
Prices in dollars globally
The price of the dollar rose globally in the first few trading sessions of the new year, moving away from its recent low against a basket of major currencies.
The increase came after a recent decline as markets bet that the Federal Reserve (the central bank of the United States) would soon end monetary tightening as investor sentiment remained fragile.
Trading in the early sessions of the year was limited as the holiday continued in many countries, including major trading centers such as Britain and Japan.
The dollar index, which measures the US currency’s performance against a basket of major currencies, rose 0.16% to 103.65, far from its lowest level in six months, which reached 103 last week ,38.
The euro fell about a third of a percentage point to trade at $1.0680 but was not far from its highest level since June, according to Reuters.
The dollar fell slightly against the yen to 130.94, after hitting its lowest level since August last month./End 8
Dollar prices in Egyptian banks today, Tuesday
The price of the dollar in the Central Bank of Egypt: 24.71 pounds for buying, 24.79 pounds for selling.
The price of the dollar in Abu Dhabi Islamic Bank: £24.74 to buy, compared to £24.77 to sell.
The price of the dollar in the Commercial International Bank: £24.70 to buy, versus £24.77 to sell.
The price of the dollar in the Bank of Alexandria: £24.72 to buy, compared to £24.77 to sell.
The dollar price in Ahli United Bank: £24.72 to buy, compared to £24.77 to sell.
The price of the dollar in Faisal Islamic Bank: £24.72 for buying, compared to £24.77 for selling
The price of the dollar in Credit Agricole Bank: £24.67 to buy, compared to £24.77 to sell.
The price of the dollar in Qatar National Bank: £24.70 to buy, compared to £24.77 to sell.
The price of the dollar in Banque Misr: 24.66 pounds for the purchase, against 24.71 pounds for the sale.
The price of the dollar at the National Bank of Egypt: 24.66 pounds for the purchase, against 24.71 pounds for the sale.
The price of the dollar in United Bank: £24.67 to buy, versus £24.77 to sell.
The price of the dollar in Blom Bank: £24.67 to buy, compared to £24.77 to sell.
The price of the dollar at the Suez Canal Bank: £24.67 to buy, versus £24.77 to sell.
The dollar price in Mashreq Bank: £24.72 to buy, compared to £24.77 to sell.
The price of the dollar in the National Bank of Kuwait: 24.71 pounds for the purchase, against 24.77 pounds for the sale.
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The price of the dollar in Egypt today.. Tuesday January 3rd
Stable so far.. The price of the dollar during half of today’s trading, Monday 2nd January
