The high price of the dollar on the black market, officials of exchange companies explained that the demand for buying the dollar and the euro has increased a lot during the past days, and the main reason for that is traveling abroad for vacations, as well as the desire of a large number to pay the tuition fees for their students outside Egypt, and the percentage of The turnout is due to the Hajj season, which began with many pilgrims traveling to the lands of Saudi Arabia.
The officials of the exchange companies, which have a large presence in Egypt, added that the inability of the exchange companies to meet all customer requests with the quantities required to travel outside Egypt due to the limited supply, which led to the price of the dollar on the black market reaching about 39 pounds after it recorded a decline from this level to 38 pounds. or less the last period.
The price of the dollar on the black market
Two exchange company officials said, in previous press statements, that the price of the dollar on the black market recorded a slight decline from its highest point, reaching 40.5 pounds, after President Abdel-Fattah El-Sisi talked about excluding a new devaluation of the pound again in the current period in order to facilitate citizens and not to cause harm. them.
Exchange companies require the submission of travel papers
The sources added, in their statements, that exchange companies require the availability of some specifications for selling currency to citizens, which is the person’s submission of papers indicating travel according to the limits available within each branch of the exchange companies, and measures in companies range from $200 to $1,000 or more, depending on supply and volume of requests.
Experienced sources in the banking sector said earlier that the start of the pilgrimage season will exacerbate the crisis in buying the Saudi riyal due to the increased demand for it in return for the lack of supply of customer concessions, which led to the replacement of customer requests by procuring another currency for them such as the dollar, which is What will be reflected in its price on the black market in particular.
2023-07-04 04:27:23
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