Dollar price in banks and the black market

The dollar price on Wednesday, August 28, 2019 in Egypt, the dollar rose at the close of trading on Tuesday, August 27, 2019, the Egyptian Central Bank worth two dollars to buy and a penny on sale, recording 16,496 pounds at the end of the year. purchase and 16.62 pounds for sale, compared with 16.479 pounds at the time of purchase, and 16.611 pounds for sale at the beginning of negotiations, according to data from the site "Egypt 365" for dollar prices, the average rate today's dollar in banks, at 16.50 pounds to buy and 16.61 pounds for sale, and recorded the highest dollar price against the pound today at the Bank of Egyptian Gulf and Investment Bank and return 16.51 EGP to purchase and EGP 16.61 to NBK sale at 16.49 LE for the purchase and 16.59 LE for sale.

The dollar price has stabilized today at the National Bank of Egypt and Bank Misr, at 16.50 pounds at the purchase and at 16.60 pounds on sale .

It should be noted that during the period from January 1 to the end of July 2019, the Egyptian pound increased 7.5% against the US dollar and its average rate of 16.5677 pounds at the end of the month of July, against 17.9139 pounds at the beginning of January 2019.

The price of the dollar today

The Egyptian citizen is interested daily in the dollar exchange rate and one of the most important reasons that push him to follow the dollar is the impact of the US dollar exchange rate on all imported goods from abroad, as well as the impact of the dollar exchange rate on fuels of various kinds, in addition to the interest of Egyptians working in the country. Overseas at the dollar exchange rate to transfer their money in dollars to their relatives in Egypt.

The dollar price today on the black market

The dollar is traded Wednesday on the black market 16.56 EGP on the purchase Against 16.60 EGP for sale.

It should be mentioned that the Egyptian government is subject to wide restrictions, which has limited the black market operators in recent months.

Dollar price now

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Dollar Rate Today: Dollar Price Forecast

According to some economic studies and studies, the continued rise in the pound sterling against the dollar will not last long, contrary to the expectations mentioned above, and the dollar's price will rise against the Egyptian pound in the fourth quarter of 2019 to reach the dollar at 18 pounds early 2020.

Dollar price movements since the beginning of 2019 and expectations of the dollar price in the coming period

The dollar has started to decline gradually since the beginning of this year and in recent weeks to reach its lowest level against the Egyptian pound in 2019 and more particularly in mid-April 2019, contrary to the expectations of companies and large companies. financial institutions that expected a significant rise in the price of the dollar against the Egyptian pound. The dollar has been traded today at Misr Bank, the National Bank of Greece, the Bank for Development and Development and the African African Bank at the beginning of the negotiations at 16:55 for the US $. purchase and 16.65 for sale.

The dollar began to depreciate today on the black market because of the decision of the Egyptian Central Bank to abolish minimum deposits and withdrawals in foreign currencies, which affected the dollar today. Egyptian stockbroking companies and banks operating in the Egyptian market. This decision contributed to the decline of the dollar on the black market in the Arab Republic of Egypt.

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