“Dollar Falls Strongly on the Parallel Market Due to Increased Tourism Revenues and Financial Stability in Egypt”

Today, 5-26-2023, the price of the dollar fell strongly in the parallel market, by a value of up to 7 pounds for the first time, as the green fell strongly as a result of the increase in tourism revenues, the stability of financial conditions, and Egypt’s ability to fulfill its obligations.

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Tourism revenue

The decline of the dollar on the black market is due to several reasons, the most prominent of which is that Egypt is expecting, according to expectations, about 14 to 15 billion dollars in tourism revenues by the end of the fiscal year 2022-2023, which ends next June 30, i.e. within a month, in conjunction with the increase in cash reserves.

Having scored dollar price On the black market, about 42 pounds, it returned to record between 35 and 37.5 pounds today, while the green market has settled in banks for 3 months.

The recovery of the Egyptian pound

And Finance Minister Mohamed Maait confirmed, during statements published by Bloomberg Agency, that with the month of December of this year, the country will witness the start of recovery, the stability of the exchange rate of the Egyptian pound, and the start of controlling inflation.

Dollar prices today

Many are looking for dollar prices today, Of interest to many, which witnessed stability in banks, since Friday, March 10, according to the latest updates published by banks on their official websites, to be stable for a full 75 days.

Dollar prices in the central bank

The price of the green note declined against the pound, in the Central Bank of Egypt, and it came as follows:

• 1 dollar = 30.82 pounds after 30.83 pounds for purchase.
• 1 dollar = 30.95 pounds for sale.

The highest price of the dollar today

The American recorded the highest price among banks for sale, in the Egyptian Gulf Bank as well as the Suez Canal Bank, as it recorded today as follows:

• $1 = 30.85 pounds for purchase.
• 1 dollar = 30.95 pounds for sale.

The price of the dollar against the pound, buying and selling

And the price recorded today in banks, stable between 30.75 pounds for purchase as the lowest price, and 30.95 pounds for sale as the highest price.

The price of the dollar against the Egyptian pound, the National Bank

The price of green against the Egyptian pound in the National Bank today was as follows:

• $1 = 30.75 pounds for purchase.
• 1 dollar = 30.85 pounds for sale.

The lowest price of the dollar today

And the American recorded the lowest exchange rate against the pound, at the National Bank of Egypt today, to reach 30.75 pounds for purchase.

The dollar against the Egyptian pound, Banque Misr

Regarding the green price against the Egyptian pound in Banque Misr, it came as follows:

• $1 = 30.75 pounds for purchase.
• 1 dollar = 30.85 pounds for sale.