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“Dollar Movements in Egypt’s Black Market Cause Concern for Dealers”

Al-Marsad newspaper: Some dealers are following the movements of the dollar in the black market for exchange in Egypt, with a state of concern, amid news that there are no new reductions in the pound in the official market during the current period.

The price of the dollar on the black market is estimated to be much higher than in banks, as traders indicate that it ranges between 35-38 pounds, despite the stability of exchange rates in the official market.

The exchange rate of the dollar stabilized at 30.75 pounds for purchase and 30.85 pounds for sale, in the official market, and at the two largest local banks in terms of assets and transactions, which are the National Bank of Egypt and Banque Misr.

2023-05-02 08:55:17
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