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The price of the dollar today in Egypt, Sunday, January 8, 2023.. free fall on the black market

Updated Monday 1/9/2023 10:06 AM Abu Dhabi time The price of the dollar stabilized today in Egypt, against the pound, on the morning of Sunday, January 8, 2023, at the Central Bank, commercial banks, and money changers, amid anticipation in the “parallel.” And the Central Bank of Egypt had decided to grant all banks operating in the country an official holiday on Sunday, January 8, on the occasion of the celebration of Christmas, indicating in an official statement that work will resume on Monday morning, corresponding to January 9, 2023. Price The dollar today in Egypt, Monday, January 9, 2023.. anticipation in the black marketThe third round of sharp declines in the exchange rate of the Egyptian pound during the first days of 2023 caused an increase in the exchange rate of the US dollar against the Egyptian local currency, and its circulation above the levels of 27 pounds. Thus; The Egyptian pound has suffered losses since the first devaluation in March 2022 to 43%, according to a report by the British bank HSBC. The price of the dollar today in Egypt The price of the US dollar has stabilized, according to data from the Central Bank of Egypt, at 27.07 pounds for purchase, and 27.16 pounds for sale. The price of the dollar today is on the black market, while the Egyptian government is moving seriously to control the currency market and control the parallel market in which the dollar is sold against the pound at a higher price than the official rate. On the ground, a large segment of Egyptians began to move quickly to get rid of the dollar and exit the parallel or black market, due to the violent losses that followed them during recent dealings with the continued moves of the Central Bank of Egypt to control the exchange market and narrow the gap between the exchange rates of the dollar in the official and parallel market. The state of confusion appears clear on the pages that follow the exchange rates of the dollar on social media, and for the first time these pages witness a dollar offered for sale at a price ranging between 29-30 pounds, compared to about 27 pounds in the official market. The dollar was trading in the parallel market at 38 pounds during the last week of last year. A conference of the “Monetary Fund” on Egypt.. An expert reveals to “Al-Ain news” the reasons. At the same time, dealers complained about the stopping of buying and selling in the black market, in light of a large number of major merchants stopping work and closing their workplaces, while relying on intermediaries Without dealing directly with the public, even these transactions have become carried out on a small scale and for small amounts, which has increased the state of confusion and fear that dominates small traders and speculators. The price of the dollar today in the National Bank of Egypt The price of the dollar today, at the beginning of the transactions of the National Bank of Egypt, maintained its level at 27.05 pounds for purchase, and 27.1 pounds for sale. The price of the dollar today in Banque Misr The exchange rate of the dollar remained today’s trading morning in Banque Misr today, at the level of 27.05 pounds for purchase, and 27.1 pounds for sale. The price of the dollar today at the Commercial International Bank (cib) The exchange rate of the dollar did not change today during morning trading at the Commercial International Bank (cib); To trade stable at 27.10 pounds for buying, and 27.20 pounds for selling. The price of the dollar today in Egyptian banks Abu Dhabi Islamic: 27.20 pounds for purchase – 27.25 pounds for sale Egyptian Gulf: 27.15 pounds for purchase – 27.25 pounds for sale Al-Ahly Kuwaiti: 27.15 pounds for purchase – 27.25 pounds for sale Alexandria: 27.15 pounds for purchase – 27.25 pounds for sale Certificates of 25%.. Exceptional measures from the two largest government banks in Egypt Expectations of the price of the dollar against the pound in Egypt The British HSBC Bank expects the pound to continue declining in the near term in light of Egypt’s suffering from a turbulent market, amid the need for very high financing in light of weak capital flows. The British bank, which is very active in Egypt, raised its forecast for the Egyptian pound in the near term from 26 to 32.5 Egyptian pounds, in addition to further raising interest rates to control inflation, according to Forbes magazine. The bank also expected that the legacy of previous hard-line policies will also continue during the new year 2023 to place a heavy burden on the Egyptian currency, with a near-term outlook still difficult.

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