The price of the dollar Wednesday Updated in Egyptian Banks and Foreign Exchange 11 September 2019 .. In the evening

Follow us on a daily update The price of the dollar In the Egyptian market and the black market, as well as the influences that control the price of the US currency in the Egyptian market, we offer daily updates of the latest green currency prices. The price of the dollar has risen since 2011 to unprecedented levels. The decision to liberalize the exchange rate of the pound against the dollar has resulted in a price bubble that has brought the dollar to nearly 25 pounds while positive data on the Egyptian economy and significant increases in the reserve monetary, continued to be periodically announced by the Central Bank of Egypt in order to improve the exchange rate of the dollar against the Egyptian pound. Rope The exchange rate of banks in dollars has gradually increased to an average price of 17.00 pounds. Black market activity declined, recording an average exchange rate of the dollar between 17.00 and 16.50 lbs.

The price of the dollar today

• Update The average sales of the dollar on the black market has stabilized at its average price for more than 6 months, recording 16.70 pounds. The law of supply and demand controls the price in dollars on the Egyptian market, banks and the black market. Trade in the parallel market depends mainly on speculation and the spread of rumors. trade was strongly affected by the stability of green currency banks to the stability of the green currency, the gradual improvement of the economy and the increase in cash reserves.

• New decision of the Egyptian Central Bank to halve the interest rate of banks in most banks: the interest rate of Al-Ahli fell from 16.00 pounds to 14, 50 pounds.

The dollar rate at the Central Bank of Egypt

The Central Bank of Egypt is the main determinant of the official exchange rate of the dollar in the banks: official transactions in the country are made at the dollar rate set by the Central Bank of Egypt, each bank determining the dollar exchange rate based on its cash reserves. The purchase price was 16.60 LE and the sale price of 16.65 LE.

The general trend of the US dollar in 6 months

Update

The dollar rate is tied to Egyptian banks, in accordance with the law of supply and demand, and closely related to the cash reserves of the Central Bank of Egypt, which has recently resulted in a steady decline of the greenback following the announcement by the central bank of an increase in its dollar reserves of more than 46 billion dollars.

Update Monday: The US currency opened on Monday morning on Sunday average prices and recorded the best purchase of the Egyptian Arab land bank at 16.46 pounds sterling and the best sale of the Alexandria bank to £ 16.52.

Monday night, the decline in the dollar buying price of banks and the stability of the selling price recorded the best purchase of Mashreq Bank at 16.42 pounds and the best sale of the Bank of Alexandria at 16 , 51 pounds.

In the Tuesday trading: steady decline in the dollar price in banks, and a drop in the selling price today, registering the best purchase of the Al Baraka bank at 16.43 pounds and the best sales of the Bank of Alexandria at 16.49 lbs.

On Wednesday, at the close of the markets, a significant increase in the purchase price of the dollar and a drop in the selling price recorded the best purchase of the Egyptian Bank for export development at £ 17.12 and the best sale of the Alexandria Bank at £ 16.47.