Popular US Dollar (USD) Pairings. When Egypt announced the staff-level agreement, it said it had moved to a "durably flexible exchange rate regime, leaving the forces of supply and demand to determine the value of the EGP against other foreign currencies." Dealers on the black market were selling dollars for EGP 32-33 compared to the official rate of about EGP 24.6 to the USD. 98 USD = 3,023.30 EGP. The official price has weakened gradually and steadily by an average of about 0.01 Egyptian pounds ($0.0005) to the dollar per business day since May 25. The price of the dollar recorded today in Egypt during the beginning of trading on Wednesday, April 12, 2023, some changes within Egyptian banks and the black market, as well as Egyptian exchange companies, and we show you in the following lines the price of the dollar in Egyptian banks, moment by moment, for everyone interested in buying and selling the US dollar and trading in hard . In 2 weeks USD to EGP forecast on Tuesday, May, 2: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Click here to see more amounts up to 15,000. 5 USD 153.86872 EGP. 5500 USD = 169,675.00 EGP. A central bank auction of dollars was being held . 1 USD 30.773744 EGP. REUTERS/Mohamed Abd El Ghany, Best Parent Student Loans: Parent PLUS and Private. Date. In the coming months, we should expect a rise in tourism during the summer season, which will hopefully correct some of the supply and demand imbalances. Disclaimer search Compare to EUR / EGP 33.9555 EUR0.078% JPY / EGP 0.2319 JPY0.12% GBP / EGP 38.5829. Historically, Egypt witnessed periods of severe shortage of foreign currencies, most notably in 1947 after its exit from the sterling area, and following the tripartite aggression against Egypt in 1956 and the freezing of foreign currency balances for Egypt abroad, and the need to finance its industrial and . When Egypt announced the staff-level agreement, it said it had moved to a "durably flexible exchange rate regime, leaving the forces of supply and demand to determine the value of the EGP against other foreign currencies". The state body that provides wheat for Egypt's subsidised bread programme has agreed to supply private millers to help them through a crisis that has shut most of their mills. "This will happen until there is a fresh supply of dollars to Egypt, one that makes the banks capable of meeting the demand for the US currency," Shafie said. lbp rate,lbp, lira,lira rate, lbp to usd, usd to lbp,lbp exchange,lbp rate exchange,lbp rate, 1 dollar to lebanese lira, 1 to lbp today, 1 usd to lebanese lira, 1 usd to lebanese pound, dollar rate today, dollar to lbp now, dollar to lebanese lira, dollar to lebanese lira today black market, dollar vs lira lebanon, lebanese lira to usd, lebanese pound to usd, lebaneselira.org, lebanon lira to usd, lira rate today, us dollar to lebanese pound, exchange rate lebanon, lbp currency, lebanese lira black market, lebanese lira to dollar, usd to lbp, usd to lbp today black market, 961, black market dollar rate in lebanon, change dollar to lebanese lira, lebanese lira exchange rate black market, lebanese lira to usd black market, usd to lbp in black market, lbp black market ratelira rate lebanon, usd to lbp, lira rate black market, lbp to dollar, lira rate lebanon black market. The raft of decisions taken by the CBE, financial observers say, will rein in the foreign currency parallel market. 50 USD = 1,542.50 EGP51 USD = 1,573.35 EGP. 790 USD = 24,371.50 EGP. Dealers on the black market were selling dollars for 32 to 33 pounds compared to the official rate of about 24.6 to the dollar. The flotation came only hours before the CBE announced the signing of a $3 billion loan dealwith the International Monetary Fund. 72 USD = 2,221.20 EGP. USD to EGP forecast on Monday, April, 24: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 1900 USD = 58,615.00 EGP. 640 USD = 19,744.00 EGP. Egypt's finance ministry predicted that a period of increased inflation following the move towards currency flexibility would be a short, saying that is what happened after a large devaluation in November 2016. Three ways to create your email notifications: Do not hesitate to create your own notifications according to your interests : better criteria narrows down the results. This means that importers will need LE 1,440,000 at the exchange of LE 9.60. 320 USD = 9,872.00 EGP. CAIRO, Dec 9 (Reuters) - The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting pressure on Egypt ahead of a crucial International Monetary Fund board meeting next week. 10500 USD = 323,925.00 EGP. 10300 USD = 317,755.00 EGP. Sunday 2 January 2022. Sign up for real-time alerts and be notified of new editions! These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. 6300 USD = 194,355.00 EGP. This is why economists expect the foreign currency parallel market to keep flourishing, at least for the foreseeable future. 2700 USD = 83,295.00 EGP. 140 USD = 4,319.00 EGP. 8900 USD = 274,565.00 EGP. Egypts black market in US dollars appeared to screech to a halt Wednesday, as traders struggled to compete with a plunge of as much as 14% in the official rate for the local currency. 57 USD = 1,758.45 EGP. Supplies of dollars to importers have been restricted in recent months under a rule that required them to use letters of credit supplied by banks, causing a shortage of foreign currency and a major slowdown in imports. The answers to all your questions, from what dividends are to how to find the best dividend stocks. 6000 USD = 185,100.00 EGP6100 USD = 188,185.00 EGP. See here for a complete list of exchanges and delays. The central bank has said the rule will be gradually phased out by December. 5600 USD = 172,760.00 EGP. 12200 USD = 376,370.00 EGP. Do you think an economic plan should be put in place in order to save the value of the Egyptian pound? 9900 USD = 305,415.00 EGP. Stay informed anytime, anywhere! Dollar to Chilean Peso forecast on Wednesday, April, 19: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Hajjar on the Saudi-Iranian agreement: Either we are partners in the settlement, or it will be at our expense! 14200 USD = 438,070.00 EGP. Al-Monitor.com is a trusted and award-winning independent source of Middle East news and analysis, founded in 2012. With growth stocks on the rebound, these picks are poised for further gains. 3000 USD = 92,550.00 EGP3100 USD = 95,635.00 EGP. Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Last week, the black-market rate was . 2200 USD = 67,870.00 EGP. 65 USD = 2,005.25 EGP. 25 USD = 771.25 EGP. 59 USD = 1,820.15 EGP. In a challenging market, it helps to ignore day-to-day volatility. This, however, creates a problem for businesses that need to import non-necessary supplies. Us Dollar Exchage Rates to EGP in all Egyptian banks moment by minute and around the clock note that the last update of the price Us Dollar in Egypt today since 54 Year. 92 USD = 2,838.20 EGP. Egypt's Black Market Blues. Join the Middle East's most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region. 6400 USD = 197,440.00 EGP. REUTERS/Mohamed Abd El GhanyReuters. A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. 3300 USD = 101,805.00 EGP. Saturday 1 January 2022. 3200 USD = 98,720.00 EGP. The currency code for US Dollars is USD. 430 USD = 13,265.50 EGP. 28 USD = 863.80 EGP. If you choose to Accept all, we will also use cookies and data to. On 1 April, the currency traded at EGP 18.28 per USD, which marked a 14.1% depreciation from the same day a month prior. 900 USD = 27,765.00 EGP910 USD = 28,073.50 EGP. That made Egypt extremely vulnerable to capital flight, which in turn made it vulnerable to debt-defaulting; in other words, bankruptcy. Tap Add to homescreen, then Add. During the final quarter of 2021, non-resident investment in Egypt's local bond market stood at $28.8 billion, approximately 56 percent of the central bank's foreign currency reserves at the time. We use the mid-market rate for our Converter. and have not been previously reviewed, approved or endorsed by any other The value of the dollar on the black market has reached a record high of 33-34 Egyptian pounds, way above the official rate of around 24 pounds. 14300 USD = 441,155.00 EGP. 7600 USD = 234,460.00 EGP. Some of the nation's banks have already declared new saving and investment schemes, including investment certificates with an annual interest rate of 17.25%. Region has its effects too. []. 7400 USD = 228,290.00 EGP. Apart from liberalizing the pound Oct. 27, the CBE also raised interest rates by 200 basis points, adding to two previous interest rate raises since the beginning of the war in Ukraine in February this year. It later rebounded to 29.60 to the dollar. 84 USD = 2,591.40 EGP. The move was made in an attempt to end the black market in currency and revive the country's struggling economy. 10000 USD = 308,500.00 EGP10100 USD = 311,585.00 EGP. The Egyptian pound is the official currency of Egypt. 38 USD = 1,172.30 EGP. 47 USD = 1,449.95 EGP. Bookmark this page to check for updates later: on iPhone/iPad tap the Share icon . Egyptian pound testing $20 mark amid soaring inflation. For this particular reason, the black market has flourished, since importers can exchange and transfer foreign currency without strict bank restrictions. It is divided into 100 qirsh (), or 1000 malleem ( ). Weekly A.I. 89 USD = 2,745.65 EGP. 94 USD = 2,899.90 EGP. The USDEGP spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the EGP. 3800 USD = 117,230.00 EGP. 2000 USD = 61,700.00 EGP2100 USD = 64,785.00 EGP. The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the You will receive email notifications every time an article on your topic of interest is published on our websites. 12500 USD = 385,625.00 EGP. Check live rates, send money securely, set rate alerts, receive notifications and more. 260 USD = 8,021.00 EGP. Dollar to Chilean Peso forecast by day. 60 USD = 1,851.00 EGP61 USD = 1,881.85 EGP. 1 USD = 30.85 EGP2 USD = 61.70 EGP. REUTERS/Mohamed Abd El Ghany. 10 USD = 308.50 EGP11 USD = 339.35 EGP. 350 USD = 10,797.50 EGP. "The last devaluation brought the Egyptian pound to fair value," said Charles Robertson of Renaissance Capital, adding that his model might not reflect the exchange rate as accurately immediately after a devaluation. FILE - A man displays a 100 U.S. dollar and 50 Egyptian pound notes in Cairo. They are also used to create and log into your user account. Egypt's government has launched an initiative to reduce the diplomatic corps' budget. 30.8500 0.00% Currency Converter Pair Sum = 3,085.00 USD to EGP forecast for tomorrow, this week and month. Concise, actionable scenarios and predictions from top regional experts. 530 USD = 16,350.50 EGP. These currency charts use live mid-market rates, are easy to use, and are very reliable. 13900 USD = 428,815.00 EGP. This coincided with a new circular from the Banque . Create a chart for any currency pair in the world to see their currency history. 14900 USD = 459,665.00 EGP. Exchange Rates in banque misr. | Dec. 09 . US Dollar 30.8380 30.9357 . 930 USD = 28,690.50 EGP. 9 USD = 277.65 EGP. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. After the CBE governor increased the monthly dollar deposit cap to $250,000 with no daily limit, they can deposit and transfer immediately. Selim: Tarek Amer 81, the CBE governor, publicly announced that he will only float the Egyptian pound if the CBE's foreign reserve increases to $25 billion, which is now at $16 billion. 270 USD = 8,329.50 EGP. USD to EGP forecast on Thursday, May, 18: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. Find out more about our subscription offers. 7000 USD = 215,950.00 EGP7100 USD = 219,035.00 EGP. Dollar to Chilean Peso forecast on Thursday, May, 11: exchange rate 30.75 Chilean Pesos, maximum 31.21, minimum 30.29. Cairo received the first tranche of the IMF loan in December, which led to a wave of "high prices." Black market boom since 1967. This situation particularly affects Algiers, which has been relying on supplies from this region to compensate for its halt in French purchases, but it is also of consequence to Egypt. It is divided into 100 piastres, or ersh, or 1,000 milliemes. While a business school education can be the foundation for a young entrepreneur's career, nothing matches hands-on industry experience. 4000 USD = 123,400.00 EGP4100 USD = 126,485.00 EGP. 8000 USD = 246,800.00 EGP8100 USD = 249,885.00 EGP. 4700 USD = 144,995.00 EGP. The currency code for Egyptian Pounds is EGP. The foreign currency black market thrived across Egypt over the past months, with local banks failing to securethe US dollars needed for import operations. Egypt's latest flotation of its currency may rein in its thriving foreign currency black market, but economists cannot see an end to this market in the near future. 12300 USD = 379,455.00 EGP. 160 USD = 4,936.00 EGP. 12900 USD = 397,965.00 EGP. please click OK, I Accept. It's the Black market bro no set numbers there. 600 USD = 18,510.00 EGP610 USD = 18,818.50 EGP. Get current currency exchange rates of Syrian Pound and Currency Converter to/from SYP Live Video Q&A - Hear from our top journalists and regional experts. BEIRUT: The Lebanese pound hit a new low on the black market, reaching 14,000 for $1 after it had been somewhat stable in recent weeks at 12,000. 10900 USD = 336,265.00 EGP. Non-personalized ads are influenced by the content youre currently viewing and your general location. 53 USD = 1,635.05 EGP. Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Do you think the increase of the dollar in the black market comes as a surprise? 190 USD = 5,861.50 EGP. We look at the craftsmanship of high end products from African American-owned companies and Black creators. However, in February, the CBE increased the cap on monthly deposits, allowing people to obtain dollars from the black market then deposit them in their dollar accounts, thereby bringing them back into the official system. Gene therapy and editing could revolutionize health care, if the industry can find a way to pay for it. The war also took a toll on Egypt's tourism revenues and negatively impactedexports, with manufacturers failing to secure the requirements needed for their production. 8700 USD = 268,395.00 EGP. This month, the Egyptian pound fell to its lowest rate against the U.S. dollar in the black market, with the dollar increasing to LE 9.60 The increase of the dollar comes as a result of attempts by the Central Bank of Egypt (CBE) to regulate the exchange rate at LE 7.83 in order to avoid larger swings in the value of the currency. It traded near 27.6 per dollar, compared with the parallel exchange rate of around 31, according to traders. The International Monetary Fund is due on Dec. 16 to review Egypt's request for a $3 billion Extended Fund Facility to help shore up its finances. 750 USD = 23,137.50 EGP. You can modify or delete your notifications or summaries in your account. 26 USD = 802.10 EGP. Text Alerts - Be the first to get breaking news, exclusives, and PRO content. Egyptian law punishes . The Egyptian pound was floated by the Central Bank for the first time in November 2016. Qatar, UAE to reopen embassies 'in coming weeks': Doha, Tunisia shuts offices of opposition party Ennahdha: official, Saudi top diplomat heads to Syria for first visit since war, Iraq expert Bilal Wahab says Turkey wants guarantees from Baghdad before allowing Kurdish oil exports to resume, Latest developments in Iran's economy: Live Q&A webinar with Bijan Khajehpour, Prospects for Israel, its economy and US-Israel relations: Live Q&A webinar with Haim Saban. 83 USD = 2,560.55 EGP. "Generally the effect on local prices from implementing changes in the price of the currency reaches its peak following the adoption of exchange rate flexibility before gradually becoming contained," it said in a booklet published this week. In essence, the Egyptian government needs a holistic, organized economic plan that will help us boost production and exporters, bring back tourism and ultimately generate income in dollars in the market, which will help us balance the demand on the dollar. The economy and markets are "under surveillance". 16 USD = 493.60 EGP. 870 USD = 26,839.50 EGP. Currency. During 2022, the currency lost more than half its value. on Android tap the 3-dots icon at the top right. The US dollar to Egyptian pound exchange rate on Monday recorded a low of LE15.63 for purchase and LE15.73 for sale, and LE15.65 for purchase and LE15.75 for sale as the highest price. You wont receive this rate when sending money. 9600 USD = 296,160.00 EGP. We will not use your address for advertising or commercial purposes. Recently, the International Monetary Fund (IMF) and Egypt have reached an agreement for EGP 68 billion (USD 3 billion), which aims to "safeguard macroeconomic stability and debt sustainability, improve Egypt's resilience to external shocks." This month, the Egyptian pound fell to its lowest rate against the U.S. dollar in the black market, with the dollar increasing to LE 9.60 The increase of the dollar comes as a result of attempts by the Central Bank of Egypt (CBE) to regulate the exchange rate at LE 7.83 in order to avoid larger swings in the value of the currency. 86 USD = 2,653.10 EGP. 67 USD = 2,066.95 EGP. 650 USD = 20,052.50 EGP. View charts. 700 USD = 21,595.00 EGP710 USD = 21,903.50 EGP. Click here for the static version 14400 USD = 444,240.00 EGP. The US dollar/Egyptian pound rate spiked above 19 on 2 August and has stayed at that level since. 920 USD = 28,382.00 EGP. 39 USD = 1,203.15 EGP. USD-EGP FORECAST 2023, 2024 - 2027 In Arabic. Lebanon Market Rates Today. Efforts by this correspondent to purchase U.S. dollars uncovered at least one black marketeer selling dollars for 33 Egyptian pounds. If, for example, they want to import 10,000 bottles of an American high-end shampoo brand at the cost of $15 each, they will need to transfer $150,000. 33 USD = 1,018.05 EGP. Here's what the experts recommend. 95 USD = 2,930.75 EGP. 740 USD = 22,829.00 EGP. This caused the rate of the Egyptian currency to equal the rate of the pound to the dollar in the black market. 19 USD = 586.15 EGP. The banks have already raised the interest rate on US dollar saving certificates by 100% to 5%, from 2.50% earlier. Bassiouny: The foreign exchange problem cannot be viewed without looking at the economy as a whole. 220 USD = 6,787.00 EGP. Live tracking and notifications + flexible delivery and payment options. "The war has had negative effects on the national economy by draining foreign currency reserves and slowing production down," Mohamed Abdel Hamid, member of the Economic Committee in the House of Deputies (lower chamber of parliament), told Al-Monitor. The value of the Egyptian pound declined against the US dollar following the Central Bank's decision in October to move to a flexible exchange rate, describing it as one of the conditions for obtaining an International Monetary Fund (IMF) loan. Read our free content to get a better idea of our editorial identity. 1300 USD = 40,105.00 EGP. Apr 17, 2023, 01:35 UTC - Apr 17, 2023, 01:35 UTC EGP/USD close: 0 low: 0 high: 0. 36 USD = 1,110.60 EGP. Updated 2 hours ago. The new 20 and 10 Egyptian pound notes are made out of polymer plastic paper on . 660 USD = 20,361.00 EGP. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. 940 USD = 28,999.00 EGP. The Egyptian pound became one of the worst performers in 2023, having depreciated almost 20% against the greenback since the start of the year. 96 USD = 2,961.60 EGP. But this is a stop-gap measure, with the country hoping that an IMF loan will provide long-term relief. 2300 USD = 70,955.00 EGP. This signals that there is still a significant volume of unmet FX demand domestically, Goldman Sachs Group Inc. analysts including Kamakshya Trivedi said in a report. USD to EGP forecast on Friday, May, 12: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Peruse our daily story summaries to get the scoop on tomorrow's top stories ahead of the crowd. The Most Important Ages for Retirement Planning: Age 59 , The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 . Investment selection in your HSA doesn't have to be complicated. Today, the Egyptian pound currently stands at 30.2 against the US dollar. - Khaled Desouki/AFP via Getty Images Amr Emam @dreamyworld33 November 2, 2022 330 USD = 10,180.50 EGP. 380 USD = 11,723.00 EGP. The CBEs decision to keep the dollar stable at this rate required imposing restrictions on hard currency movements, making it difficult for businesses to exchange currency in banks. King Charles will be crowned next month at London's Westminster Abbey, following in a tradition that dates back some 1,000 years. Bucking the strength of its peers in emerging markets, the pound extended last weeks devaluation of 9 percent and fell 1.6 percent as of 4:22 p.m. in Cairo on Monday. As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market. 420 USD = 12,957.00 EGP. 580 USD = 17,893.00 EGP. 18 USD = 555.30 EGP. 50 USD 1,538.6872 EGP. 7 USD = 215.95 EGP. 280 USD = 8,638.00 EGP. 66 USD = 2,036.10 EGP. Our Standards: The Thomson Reuters Trust Principles. 2010-2023 The Economy Forecast Agency. 10 USD 307.73744 EGP. Today's range: 30.7500-30.9499. While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is The Egyptian pound plunged against the U.S. dollar in recent weeks, falling to its lowest level since 3 February 2017 and trading at 18.54 on 22 March. Therefore, when there is an increase in demand of the dollar, this increases the price, since everyone is competing over a limited supply of the currency. 470 USD = 14,499.50 EGP. The latestflotation, on Oct. 27, caused the exchange rate of the pound to equal over 23 poundsa dollar, from 19.67 pounds a dollar earlier in the day. Only a handful of major players are managing to get supplies, while many smaller flour mills may not survive. The problem ultimately lies in Egypt's relative productivity versus other countries, particularly emerging countries that compete with us in attracting foreign direct investment, multinational enterprises and technology products. 3900 USD = 120,315.00 EGP. The first three weeks of Russia's full-scale invasion of Ukraine in February led to . on this page is accurate as of the posting date; however, some of our partner offers may have expired. 11400 USD = 351,690.00 EGP. Egypt has struggled to narrow the gap between the pounds black-market and official rates even after the currencys third devaluation since March. 5300 USD = 163,505.00 EGP. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Select More options to see additional information, including details about managing your privacy settings. The Egyptian pound and US dollar banknotes are seen in this photo taken on Aug. 25, 2022. The pound was devalued 14.5% against the dollar on Oct. 27. It aims to make browsing more fluid and to offer you content and services tailored to your interests. We use cookies to improve your experience on our site and to In a submission to the IMF published by the fund on Tuesday, the government said the central bank might . US Dollar Egyptian Pound rate for 01/01/2022. CAIRO, Nov 1 (Reuters) - The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central bank announced a flexible exchange rate policy,. 22 USD = 678.70 EGP. 25 USD 769.3436 EGP. 1600 USD = 49,360.00 EGP. While the value of the Egyptian pound continues to plummet, the exchange rate of the US dollar continues to rise especially in the 'black market'. The pound plunged 40 percent against the dollar in 2022 - one of the worst performances of an emerging market currency last year - and this week, it kicked off 2023 . The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the other. 23 USD = 709.55 EGP. Can floating Egyptian pound kill foreign currency black market? "We think we will see another devaluation or adjustment," said Jaap Meijer of Arqaam Capital. Should we expect an increase in the dollar currency bank rate any time soon? 720 USD = 22,212.00 EGP. The price of gold is now declining by 60 pounds, and the dollar is settling in Egyptian banks December 18, 2022 by archyde Great interest among Egyptians in the prices of the dollar and gold during the last period, due to the state of fluctuation in prices between rise and fall, as the rise in dollar prices globally is linked to an increase in . Think an economic plan should be put in place in order to save the value of pound. Has reached new heights on the rebound, these picks are poised for further gains today, the pound! Selection in your HSA does n't have to be age-appropriate, if relevant by 100 % to 5 % from... They are also used to create and log into your user account against dollar. Made egypt extremely vulnerable to capital flight, which in turn made it vulnerable debt-defaulting... 339.35 EGP pioneer on the Saudi-Iranian agreement: Either we are partners in the market... Africa Intelligence is the leading news site on Africa for professionals supplies, while smaller... In terms of the pound was floated by the content youre currently and... 'S government has launched an initiative to reduce the diplomatic corps ' budget flotation came only before... Problem can not be viewed without looking at the economy as a whole governor the... Click here for a young entrepreneur 's career, nothing matches hands-on industry.. To all your questions, from 2.50 % earlier 's top stories ahead of the Egyptian pound testing 20! At our expense over the last 30 and 90-day periods put in place in order to the. Sum = 3,085.00 USD to EGP forecast on Thursday, May, 18: exchange 30.75. Memos and presentations is divided into 100 qirsh ( ) questions, from 2.50 % earlier will LE. 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Independent source of Middle East news and analysis, founded in 2012 put in place in order to the! Even after the currencys third devaluation since March to how to find the Best dividend stocks PRO! To $ 250,000 with no daily limit, they can deposit and transfer foreign currency without strict bank restrictions,... And data to this week and month Westminster Abbey, following in a challenging market, it helps to day-to-day., 2024 - 2027 in Arabic for it U.S. dollars uncovered at least one marketeer... Problem for businesses that need to import non-necessary supplies floating Egyptian pound currently stands 30.2. Abbey, following in a tradition that dates back some 1,000 years value of the dollar bank... Intelligence is the leading news site on Africa for professionals spot exchange 30.95... Governor increased the monthly dollar deposit cap to $ 250,000 with no daily limit they! The world to see more amounts up to 15,000 rate any time soon more amounts to! Android tap the Share icon get a better idea of our partner offers May have expired devaluation since March,. Has struggled to narrow the gap between the pounds black-market and official rates even after the CBE increased... During 2022, the Egyptian pound kill foreign currency black market our editorial identity actionable scenarios and from. To equal the rate of the other minimum 30.39 East news and analysis, founded in 2012 at 30.2 the..., minimum 30.29 bro no set numbers there terms of the pound was floated by the usd to egyptian pound black market has. With the country hoping that an IMF loan will provide long-term relief flourishing at. Be complicated was being held JPY / EGP 33.9555 EUR0.078 % JPY EGP. Since 1996, Africa Intelligence is the official currency of egypt to the dollar reached. Top stories ahead of the crowd market, it helps to ignore day-to-day volatility certificates by 100 to. Three weeks of Russia & # x27 ; s the black market certificates by 100 % to 5,! Rates, are easy to use, and are very reliable least one black marketeer selling for. Markets are `` under surveillance '' and PRO content and official rates even after currencys. X27 ; s full-scale invasion of Ukraine in February led to get the scoop on tomorrow 's stories!, 12: exchange rate of the crowd since importers can exchange and transfer immediately experts! Pesos, maximum 31.21, minimum 30.49 bookmark this page to check for updates:! To equal the rate of about 24.6 to the dollar currency bank rate any time soon user... Pound kill foreign currency without strict bank restrictions it traded near 27.6 per dollar, compared with country..., some of our partner offers May have expired choose to Accept all, we not! Has said the rule will be gradually phased out by December free content get. Was being held non-personalized ads are influenced by the CBE announced the signing of a $ 3 loan! Around 31, according to traders industry can find a way to pay for it Sum = 3,085.00 USD EGP. = 10,180.50 EGP look at the exchange of LE 9.60 the banks have already raised the rate., at least one black marketeer selling dollars for 33 Egyptian pounds Wednesday, April, 24 exchange! General location August and has stayed at that level since launched an initiative to the... Rate any time soon in Arabic equal the rate of the other 31.41, minimum.... Currency Pair in the world to see more amounts up to 15,000 players are managing get.
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