Egyptian Pound Expected to Drop to 45-50 Against USD by August: Credit Suisse Report

Egyptian Pound Expected to Drop to 45-50 Against USD by August: Credit Suisse Report

Al-Marsad Newspaper: Economists revealed new expectations that carry unpleasant surprises about the path of the Egyptian pound against the US dollar. The Swiss bank “Credit Suisse”, in a recent research note, expects the pound’s exchange rate to drop to between 45 and 50 pounds by the end of August, due to the slow pace of … Read more

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

“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 … Read more

The dollar’s value on the black market is on the upswing again this week following a period of stability.

The dollar’s value on the black market is on the upswing again this week following a period of stability.

Today, Tuesday, March 28, 2023, the price of the dollar rose on the black market by about 3 pounds against the Egyptian pound. Sources told The Weekly that the price of the dollar against the pound increased today in the parallel market, bringing the buying and selling price to 38 and 37.5 pounds, respectively, compared … Read more

The price of the dollar today.. Expectations of a decline in the pound again

The price of the dollar today.. Expectations of a decline in the pound again

Bankers expected today for “The Week” that the price of the dollar against the Egyptian pound would record new high levels near 33.70 ranges during next March, provided that the local currency would decline in April trading to record 34.80. The local currency declined against the US dollar more than once during the current year, … Read more

Why do international institutions lower their forecasts for the growth of the Egyptian economy? Experts answer

Why do international institutions lower their forecasts for the growth of the Egyptian economy?  Experts answer

Cairo, Egypt (CNN) – The European Bank for Reconstruction and Development has joined the list of major international institutions that have lowered expectations for the growth of the Egyptian economy during 2023. In its latest report, the bank expected a decline in the economic growth rate to 4.6%, compared to 5.6% in its previous report … Read more

Egypt: The pound is declining again against the dollar.. and real estate developers: it caused sales to grow

Egypt: The pound is declining again against the dollar.. and real estate developers: it caused sales to grow

Dubai, United Arab Emirates (CNN) – The dollar rose again against the Egyptian pound, exceeding 30 pounds in local banks with the beginning of this week’s trading, after the Central Bank applied a permanently flexible exchange rate policy. On the other hand, real estate development companies recorded growth in sales during a year. 2022, due … Read more

The pound continues to decline against the dollar and the Saudi riyal.. Find out about the latest updates on the exchange and purchase rates

The pound continues to decline against the dollar and the Saudi riyal.. Find out about the latest updates on the exchange and purchase rates

Al-Marsad newspaper: The Egyptian pound continued its decline against the dollar, and a number of other currencies, according to the latest updates from the National Bank of Egypt. Yesterday, Thursday, the price of the dollar against the Egyptian pound recorded 30.22 pounds for purchase, and 30.32 pounds for sale. The exchange rate of the Saudi … Read more

The price of the dollar.. the bitter medicine in Al-Akhdar’s expectations against the pound in banks and the black market

The price of the dollar.. the bitter medicine in Al-Akhdar’s expectations against the pound in banks and the black market

The price of the dollar – the forecast of the dollar price – the dollar against the pound The discrepancy hit the price of the dollar in Egyptian banks today, Sunday 5/2/2023, when it stabilized against the pound, near levels of 30.23 in the government and 30.33 in private, and between 32 and 33 pounds … Read more

The price of the dollar today, Thursday, against the pound in Egyptian banks

The price of the dollar today, Thursday, against the pound in Egyptian banks

price stabilized dollar Today, Thursday 1-19-2023, against the Egyptian pound in all banks operating in Egypt, and it was fixed in the National Bank of Egypt and Egypt at a price of 29.50 for purchase, 29.60 pounds for sale, and in the Commercial International Bank cib, it recorded 29.51 pounds for purchase, 29.61 pounds for … Read more

A new rise in the price of the dollar today, Tuesday, against the pound in the middle of the month

A new rise in the price of the dollar today, Tuesday, against the pound in the middle of the month

12:20 pm Tuesday, January 17, 2023 I wrote – Sherine Salah: The price of the dollar rose today, Tuesday, against the pound, with the middle of trading in 6 operating banks, compared to its level at the beginning of trading, while the price stabilized in 4 other banks. The price of the dollar witnessed a … Read more