The exchange rate of the dollar on Monday 12-8-2019 in the banks and the stability of the value of the green currency

we present to you Price in dollars today Monday, August 12, 2019 Within the banks and the stability of the value of the green currency, the US dollar has seen a slight gradual rise in Egyptian banks for two months, after the sharp fall of February and the price reaches 16 pounds sterling , during the official holiday of factories in China. The situation of imports on which the Egyptian market depends heavily, we inform you in this article The price of the dollar today In all public and private Egyptian banks, according to an updated schedule, in the absence of price changes, as well as the highest purchase price, the lowest price for the sale of currency green.

The dollar exchange rate Monday 12-8-2019

Average Price in dollars today In the Egyptian banks, between 16.56 and 16.66 pounds, witness The price of the dollar The purchase price at the Arab African International Bank reached 16.50 LE today, while the selling price was 16.60 LE. The dollar exchange rate today In all Egyptian banks.

The dollar price today on the black market

Following the decision of the Central Bank of Egypt to float The dollar In February 2016, the Egyptian government took measures and pbaded laws to eliminate the parallel market. The price of the dollar on the black market Very close to the price practiced in Egyptian banks, the difference is almost non-existent, where the difference between the price of the bank and that of the parallel market has become from 5 to 10 dollars and has become a state of decline or increase in the price linked to it. At the dollar exchange rate In the banks.

Factors Influencing Dollar Prices in Egypt

The price in dollars depends on the movement of buying and selling or the so-called supply and demand policy, where the law of supply and demand is the main mechanism for determine the price in dollars compared to the pound sterling in the banks operating in the local market, and one of the most important things that the Egyptian citizen wishes to know, for reasons such as: This is the impact of the dollar on all imported products as well as the prices of gasoline, energy and gold, as well as a large group of Egyptians working abroad, the process of transferring money in currency American to their relatives in Egypt, and so the search for the best price for the bank in order to convert dollars into Egyptian E jinn, is expected to climb the dollar price in Egypt over the coming period, with the approach of the season of Ramadan and Eid al-Fitr and the rush of s importers to import to meet the needs of operations in the Egyptian market.

Expectations of the dollar's state in the coming period

The US dollar has fallen over the last period by about 1 LE of its value, and this decline continues with the increase in the supply of green currency in Egyptian banks and the lack of demand, especially after the the desire of the Egyptian government to rely on the local product in its manufacturing activities, as well as the increase of remittances from Egyptians working abroad. , The arrival is scheduled Price in US dollars At 16 pounds or slightly less by the end of 2019.

Customs rate 2019

• The current Minister of Finance, Mohamed Maait, announced the continued devaluation of the customs dollar, as part of the efforts of the Egyptian government, through the Ministry of Finance, to reduce even slightly the prices of imported goods, to £ 16 by Mr Amr El-Garhy, former Minister of Finance. The decision subsequent to the appointment of Mr. Mohammed Maait to the post of Minister of Finance generally represents the price of the customs dollar 90% of Price in dollars in banks Egyptian.
• New resolution on Rates in customs dollars The Egyptian Ministry of Finance has decided to publish the price of the customs dollar for all goods clbadified as provocative or recreational goods, amounting to 17.97 pounds, including cigarettes, soap, toilet, perfumes, cosmetics and accessories, gifts, toys, soaps. , Household and electrical appliances, some types of fish and fruit.

Update: Latest news on dollar exchange rates

• The constancy The dollar exchange rate today Monday 12-8-2019 in the banks, where he scored The dollar exchange rate today At Al Baraka Bank, the purchase price was 16.51, while the selling price was 16.61 pounds, while the purchase price was 16.51 at the National Bank of Egypt, while the selling price stood at 16.61 pounds. At Bank of Alexandria, the purchase price was 16.49 pounds and the selling price was 16.59 Egyptian pounds. Is affected At the dollar price Many daily transactions and gold transactions.

We welcome your comments with your expectations For the dollar exchange rate In the next period, the banks.