The price of the dollar fell on the black market again in today’s trading, Friday 3/1/2024. This comes at a time when speculators suffered huge losses after they had hoped for new heights for the dollar.
The price of the dollar on the black market today
The price of the dollar on the black market in Egypt against the pound declined significantly during these moments of trading today, Friday, as this coincides with new statements by the Egyptian Prime Minister.
Egyptian Prime Minister Mostafa Madbouly said in a statement issued yesterday, Thursday, that Egypt received five billion dollars as part of the first installment of the investment partnership deal with the UAE to develop the city of “Ras El Hekma.” It is expected to receive an additional $5 billion on Friday.
The parallel market dollar had witnessed violent declines over the past few days due to the news of the Ras El Hekma deal, as it fell from levels above 60 pounds to levels below 40 pounds.
The official exchange rate remained stable at about 30.90 pounds per dollar, while the price of the dollar on the black market declined during the past hours, moving at the time of writing this report around the level of 40 and 38 pounds per dollar at the time of writing this report.
Official dollar rate
The official price of the dollar continues to remain stable at the beginning of today’s trading, recording at the National Bank of Egypt a price of 30.75 pounds for purchase and a price of 30.85 for sale, and at the Bank of Egypt also recording a price of 30.75 pounds for purchase and 30.85 for sale.
The price of the dollar against the Egyptian pound, according to the Central Bank of Egypt, recorded a price of 30.83 pounds for sale, and a price of 30.96 for purchase.
The price of the dollar in the Central Bank of Egypt
The price of the dollar against the Egyptian pound in the Central Bank of Egypt recorded a price of 30.83 for buying and 30.96 for selling, at the beginning of transactions within banks.
The price of the dollar in the National Bank of Egypt
The price of the dollar against the Egyptian pound in the National Bank of Egypt recorded a price of 30.75 for buying and 30.85 for selling, at the beginning of transactions within banks.
The price of the dollar in the Bank of Egypt
The price of the dollar against the Egyptian pound in Banque Misr recorded a price of 30.75 for buying and 30.85 for selling, at the beginning of transactions within banks.
The price of the dollar in the Commercial International Bank CIB
The price of the dollar against the Egyptian pound at CIB Bank recorded a price of 30.85 for buying and 30.95 for selling, at the beginning of transactions within the banks.
The price of the dollar in the Bank of Cairo
The price of the dollar against the Egyptian pound at the Cairo Bank recorded a price of 30.85 for buying and 30.95 for selling, at the beginning of transactions within banks.
The price of the dollar in Abu Dhabi Islamic Bank
The price of the dollar against the Egyptian pound in Abu Dhabi Islamic Bank recorded a price of 30.90 for buying and 30.95 for selling, at the beginning of transactions within banks.
The price of the dollar in Al Baraka Bank
The price of the dollar against the Egyptian pound at Al Baraka Bank, the price recorded 30.85 buy and 30.95. Sale, at the beginning of transactions within banks.
2024-02-29 22:14:40
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