The price of the dollar today, Friday January 15, 2021 in banks and the black market

The dollar rate today, Friday January 15, 2021, marks a slight increase in the dollar price against the Egyptian pound today since trading today, after a decline that has lasted throughout the first and second week of 2021, according to data from the National Bank of Egypt and Bank Misr.

It should be noted that the Central Bank announced that Egypt’s currency reserves jumped to $ 40.062 billion at the end of last December, an increase of $ 841 million from last November.

Egypt’s currency reserves recorded $ 39.221 billion last November.

Egypt last month received the second tranche of its $ 1.6 billion loan from the International Monetary Fund.

The price of the dollar today in banks and the parallel market

Continuously updating and tracking the dollar price today in banks and on the black market, we bring you a constantly updated chart of the dollar price today in banks based on the latest banking updates, because the dollar price is experiencing continuous changes in all banks in Egypt, be they government or private banks or foreign banks operating in Egypt.

WarningTo reach us from Google to track the price of the dollar today, search for us with the word – “The price of the dollar 365, Important alert : Some banks do not operate as advertised on Fridays and Saturdays, and some do not continue to operate until 9:00 p.m., as is common in all banks. Therefore, we advise you to use the hotline service to check the working hours of banks: Hotline for Egyptian banks.

• Misr Iran Development Bank is the best bank to buy US dollars at: 15.71 جم
• Abu Dhabi Bank is the best bank to sell US dollars to at: 15.63 جم

Table of prices in dollars today in banks and in parallel.

The price of the dollar today on the black market

The dollar price today on the black market was £ 15.67 buy and £ 15.72 sell.

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Factors affecting the price of the dollar today:

– The price of gold: There is an inverse relationship between the price of the dollar and the price of gold: the higher the price of gold, the lower the price of the dollar, and vice versa.

Stock market: the rise in stock indices leads to the rise in the price of the dollar, the main indicators of the US stock market being: the Dow Jones Industrial Average, the Standard’s Poor’s Index and the Nasdaq.

Bank interest rate: This is one of the most important factors affecting the price of the dollar and determining its movements. Bringing it down to 1% has led to a continued decline in the price of the US dollar against other currencies offering higher interest.

– It affects reports from the Federal Open Market Authority, a body that meets 8 times a year to determine the appropriate level of bank interest.

US Treasury: US Treasury reports greatly affect the price of the US dollar.

Political Developments: Political events greatly affect the dollar, whether it rises or falls.

The reports and news published by the Federal Reserve “the American Central Bank” have a considerable impact, and it is an independent organization which sets monetary policies to achieve economic development away from the risks of inflation through major operations such as open market operations, discount rates and interest rates on treasury bills.

Bonds: The fall in the price of bonds is seen as an increase in demand, and therefore the resulting annual profits, and this is the advantage of the US dollar.

The origin of the US dollar

The dollar is the base currency of the United States of America and is equivalent to 100 cents, and the US dollar is symbolized by the symbol “USD, or $”. The largest denomination of the dollar reaches 100,000 per sheet, but at present the production of this category of dollar, the largest paper value at the time, has been stopped The current dollar value of 100 USD.

It should be noted that the world currency must be hedged with its gold value, to give it sufficient confidence, and the US dollar must be hedged by its yellow metal value, but in reality no one can actually prove it, because the The United States of America has for some time refrained from replacing The US dollar is equal to its value in gold, although the price of gold is sold worldwide in US dollars, and the price of gold is determined by the stock market and is valued in US currency.