Maritime shipping lines were subjected to strikes by the Houthi militia in the Red Sea, which led to international shipping companies announcing the suspension of transportation operations in the Red Sea.
The Red Sea strikes are expected to have a sharp impact on the Suez Canal’s hard currency revenues and thus on the price of the pound in the Egyptian market against the dollar and other currencies.
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The price of the US dollar rose against the Egyptian pound on the black market today, Friday, December 15, compared to yesterday’s exchange rates, as the dollar rose again on the black market amid expectations of a rise in exchange rates and the floating of the pound after the elections.
The price of the US dollar against the Egyptian pound on the black market, or what is known as the parallel market, today, Friday, for sale, reached a value of 51.25 pounds, compared to 51 pounds yesterday morning, while the price of the dollar against the pound on the black market for purchase reached 50.25 pounds, compared to 50 pounds, yesterday morning.
While the price of the Saudi riyal reached 13.46 for purchase and 13.73 for sale.
The price of the US dollar against the Egyptian pound in the parallel exchange market was as follows:
American dollar
Egyptian Pound
1 US dollar
51.25 Egyptian pounds
5 US dollars
256.25 Egyptian pounds
10 US dollars
512.5 Egyptian pounds
25 US dollars
1281.25 Egyptian pounds
50 US dollars
2562.5 Egyptian pounds
100 USD
5125 Egyptian pounds
500 US dollars
25625 Egyptian pounds
1000 US dollars
51,250 Egyptian pounds
5000 US dollars
256,250 Egyptian pounds
10,000 US dollars
512,500 Egyptian pounds
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2023-12-15 18:09:01
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