Dollar rate Wednesday Updated in Egyptian banks and the black market on March 27, 2019.

Follow us on a daily update The price of the dollar In the Egyptian market and the black market, and the effects that control the price of the US currency in the Egyptian market, we offer daily updated information on the last green dollar. The dollar has risen since 2011 to unprecedented levels, as well as increased demand and reduced supply, which has resulted in significant activity on the black market. The decision to liberalize the exchange rate of the pound against the dollar has led to a rise in the price of the dollar to nearly 25 pounds, while positive data on the Egyptian economy and a sharp increase in the cash reserve have been periodically announced by the Central Bank to improve the exchange rate of the dollar against the Egyptian pound. Tara The dollar price of banks has steadily increased to an average price of £ 17.30 and black market activity has declined to average between 17.30 and 17.40 pounds.

Dollar rate today

• Updated Wednesday: The average selling price of the dollar on the black market has stabilized at its average price for more than 6 months, recording 17.75 pounds. The law of supply and demand controls the dollar in the Egyptian market, banks and the black market. Trade in the parallel market mainly depends on price speculation and spread of rumors Profit and strongly trade-driven, given the stability of the banks' green exchange rate at an average price over a long period, the gradual improvement of the economy and the increase in cash reserves.
• The price of the customs dollar for imported goods has been set at a level equal to that of the Central Bank of Egypt, thus liberalizing the customs dollar exchange rate, in particular by liberalizing its price on the Egyptian market in accordance with the right of supply and demand.
  
• A significant reduction of the dollar on the Egyptian banks on January 27, 2019, in the purchase price, to exceed 22 dollars in some banks.

The dollar price in the central bank of Egypt

The Central Bank of Egypt (CBE) is the main determinant of the official dollar exchange rate in dollars in banks. Official transactions are made at the dollar rate set by the Central Bank of Egypt, each bank determining the exchange rate of the dollar based on its monetary reserves. The purchase price of 17.86 pounds and the selling price of 17.97 pounds.

The general trend of the US dollar in 6 months

Update

The best ADIB book was 17.29 pounds and the 17.32 pounds International Commercial Bank.

The green currency of the Egyptian market is linked to the law of supply and demand, since the liberalization of the exchange rate of the Egyptian currency in relation to all currencies, as well as central exchange reserves, in particular dollar. Against the pound and its downward trend in the medium term.

At the beginning of trading, the best purchase of the Islamic Bank of Abu Dhabi at 17.29 pounds and the best sales of Arab Bank International Bank at 17.33 pounds.