“Confusion in Egyptian markets as supply of black market dollars increases”

Al-Marsad Newspaper: The increase in the supply of dollars on the black market in Egypt caused confusion, and a large number of merchants resorted to stopping their activities more than once during the last period, despite the stability of the dollar exchange rates in banks and official exchange markets against the Egyptian pound.According to For “Arabia.net”.

Where the exchange rates of the dollar on the black market witnessed a decline from the level of 42 Egyptian pounds in transactions at the beginning of last week, to about 38 Egyptian pounds at the present time.

In the two largest banks in terms of assets and transactions, the exchange rate of the dollar at the National Bank of Egypt and Banque Misr stabilized at 30.75 Egyptian pounds for purchase, and 30.85 Egyptian pounds for sale.