Meanwhile, the pound was down 14.1% year-to-date and in year-on-year terms. A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. Dollar to Chilean Peso forecast on Friday, April, 21: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 11200 USD = 345,520.00 EGP. This comes as goods continue to accumulate in the nation's ports, failing to gain entry into Egypt, with the banks failing to provide the dollars necessary for their release. Live Video Q&A - Hear from our top journalists and regional experts. 420 USD = 12,957.00 EGP. The pound was devalued 14.5% against the dollar on Oct. 27. US . Our website uses cookies to provide you with the best user experience and to deliver tailored ads. 3400 USD = 104,890.00 EGP. "This will happen until there is a fresh supply of dollars to Egypt, one that makes the banks capable of meeting the demand for the US currency," Shafie said. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the other. "However we do not expect a devaluation to the 32-34 handle as now implied by the London listings or the black market.". Peruse our daily story summaries to get the scoop on tomorrow's top stories ahead of the crowd. 3000 USD = 92,550.00 EGP3100 USD = 95,635.00 EGP. 5500 USD = 169,675.00 EGP. Xe Rate Alerts. Dollar to Chilean Peso forecast on Thursday, May, 11: exchange rate 30.75 Chilean Pesos, maximum 31.21, minimum 30.29. CAIRO, March 28 (Reuters) - The Egyptian pound lost ground on the black market again in recent days in a sign that halving its official value over the past year could still not be enough. March 14, 2023, 3:17 AM. Non-personalized ads are influenced by the content youre currently viewing and your general location. A positive trend is expected with possible volatility of 0.13%. The current EGP-USD interbank rate is now near its minimal level of the past two weeks. 29 USD = 894.65 EGP. 150 USD = 4,627.50 EGP. Our currency rankings show that the most popular Egyptian Pound exchange rate is the EGP to USD rate. 13000 USD = 401,050.00 EGP13100 USD = 404,135.00 EGP. "Leaving the exchange rate to be decided by the supply and demand mechanism will eradicate the black market that poses dangers to the economy.". Dollar to Chilean Peso forecast on Wednesday, May, 3: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. "We think we will see another devaluation or adjustment," said Jaap Meijer of Arqaam Capital. It also hopes that the same measure will eradicate the foreign currency black market, especially when US dollar hoarders exchange their greenbacks and invest in the national currency. 8200 USD = 252,970.00 EGP. The level of trade in the black market had not significantly changed due to a lack of liquidity in the official market, a third trader said, speaking on condition of anonymity. 30.8500 0.00% Currency Converter Pair Sum = 3,085.00 USD to EGP forecast for tomorrow, this week and month. 14600 USD = 450,410.00 EGP. 97 USD = 2,992.45 EGP. Fuel. 14200 USD = 438,070.00 EGP. The Egyptian currency slid to a new record but remains far stronger than rates quoted in the black market, underscoring the risk of further depreciation as the North African nation grapples with a foreign-exchange crunch. USD EGP. When Egypt announced the staff-level agreement, it said it had moved to a "durably flexible exchange rate regime, leaving the forces of supply and demand to determine the value of the EGP against other foreign currencies." Dealers on the black market were selling dollars for EGP 32-33 compared to the official rate of about EGP 24.6 to the USD. Last week, the black-market rate was . 1000 USD = 30,850.00 EGP1100 USD = 33,935.00 EGP. Select More options to see additional information, including details about managing your privacy settings. Reuters - The Egyptian pound strengthened fractionally at a central bank currency sale on Monday and remained unchanged on the black market. 99 USD = 3,054.15 EGP. Send money online fast, secure and easy. The banks have already raised the interest rate on US dollar saving certificates by 100% to 5%, from 2.50% earlier. 1 EGP = 0 USD. 6600 USD = 203,610.00 EGP. The Egyptian pound plunged against the U.S. dollar in recent weeks, falling to its lowest level since 3 February 2017 and trading at 18.54 on 22 March. 130 USD = 4,010.50 EGP. BEIRUT -- Lebanon's embattled currency hit a new low Tuesday, trading at an unprecedented 100,000 Lebanese pounds to the dollar on the black market as the crisis-hit . Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. The Egyptian pound was virtually fixed at about 15.70 pounds against the U.S. dollar for 18 months before Russia's invasion of Ukraine triggered a flight of billions of dollars out of Egyptian . Egypt has been facing a shortage of foreign currency since the beginning of the conflict in Ukraine. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Region has its effects too. 4700 USD = 144,995.00 EGP. That's the highest since Bloomberg started the weekly surveys on May 21. Trend Reports - Deep dive analysis on market updates. 27 USD = 832.95 EGP. In 4 weeks USD to EGP forecast on Tuesday, May, 16: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. To continue browsing, The official price has weakened gradually and steadily by an average of about 0.01 Egyptian pounds ($0.0005) to the dollar per business day since May 25. 12H 1D 1W 1M 1Y 2Y 5Y 10Y. 14700 USD = 453,495.00 EGP. Amazon has been one of the best long-term investments of the past two decades. 2200 USD = 67,870.00 EGP. 3900 USD = 120,315.00 EGP. 630 USD = 19,435.50 EGP. But this is a stop-gap measure, with the country hoping that an IMF loan will provide long-term relief. 10300 USD = 317,755.00 EGP. 930 USD = 28,690.50 EGP. 770 USD = 23,754.50 EGP. on Android tap the 3-dots icon at the top right. 63 USD = 1,943.55 EGP. Bloomberg Surveillance, covering the latest news in finance, economics and investments. A foreign exchange shortage in Egypt is badly affecting companies engaged in foreign trade. He also delivers U.S. dollars stashed in plastic bags . 190 USD = 5,861.50 EGP. 82 USD = 2,529.70 EGP. $1 USD = E15.7092. Egypt has struggled to narrow the gap between the pounds black-market and official rates even after the currencys third devaluation since March. Today's EGP-USD Commentary. Please send an email to pro.support@al-monitor.com and we'll onboard your team. The IMF will hold a virtual briefing on Tuesday to discuss the release of its staff report and documents related to its fund program for Egypt. 64 USD = 1,974.40 EGP. The Most Important Ages for Retirement Planning: Age 59 , The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 . 5200 USD = 160,420.00 EGP. 46 USD = 1,419.10 EGP. The currency code for Egyptian Pounds is EGP. Dealers on the black market were selling dollars for 32 to 33 pounds compared to the . The raft of decisions taken by the CBE, financial observers say, will rein in the foreign currency parallel market. 390 USD = 12,031.50 EGP. 4800 USD = 148,080.00 EGP. 95 USD = 2,930.75 EGP. These cookies allow us to anonymously collect data about traffic on Africa Intelligence. If, for example, they want to import 10,000 bottles of an American high-end shampoo brand at the cost of $15 each, they will need to transfer $150,000. Click here to see more amounts up to 15,000. The central bank has said the rule will be gradually phased out by December. 4600 USD = 141,910.00 EGP. 94 USD = 2,899.90 EGP. 300 USD = 9,255.00 EGP310 USD = 9,563.50 EGP. 380 USD = 11,723.00 EGP. 660 USD = 20,361.00 EGP. 13700 USD = 422,645.00 EGP. 260 USD = 8,021.00 EGP. "Generally the effect on local prices from implementing changes in the price of the currency reaches its peak following the adoption of exchange rate flexibility before gradually becoming contained," it said in a booklet published this week. The pound devaluation is a symptom of the problem and not the problem itself. CAIRO (Reuters) - The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting pressure on Egypt ahead of a crucial International Monetary Fund board meeting next week. 13500 USD = 416,475.00 EGP. REUTERS/Mohamed Abd El Ghany. 2700 USD = 83,295.00 EGP. The first three weeks of Russia's full-scale invasion of Ukraine in February led to . Historically, Egypt witnessed periods of severe shortage of foreign currencies, most notably in 1947 after its exit from the sterling area, and following the tripartite aggression against Egypt in 1956 and the freezing of foreign currency balances for Egypt abroad, and the need to finance its industrial and . 28 USD = 863.80 EGP. Concise, actionable scenarios and predictions from top regional experts. Egypt continues to face a foreign currency shortage despite two major devaluations this year. It was trying to hold it at the official rate of 8.88 Egyptian pounds, although on the black market dealers could buy far more Egyptian pounds. We use the mid-market rate for our Converter. You can change these settings at any time by going to our Cookie management page. 1800 USD = 55,530.00 EGP. Deputy Finance Minister Ahmed Kouchouk said on Wednesday he expected the IMF board to approve the package at the meeting. 13200 USD = 407,220.00 EGP. For anyone who needs to get a hold of dollars, banks are a limited option. 8900 USD = 274,565.00 EGP. 10700 USD = 330,095.00 EGP. The value of Egypt's pound on the local black market for US dollars diverged further from the official bank rate, amid speculation the cash-strapped country might enact its fourth. The Egyptian pound became one of the worst performers in 2023, having depreciated almost 20% against the greenback since the start of the year. 1 USD 30.773744 EGP. Egypt's black market in US dollars appeared to screech to a halt Wednesday, as traders struggled to compete with a plunge of as much as 14% in the official rate for the local currency. For how long is the devaluation of the pound expected to continue? The Central Bank also decised to raise the interest rate by 300 basis points, or 3 percent. Select Add to Home Screen, then Add. View charts. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 330 USD = 10,180.50 EGP. USD to EGP forecast on Thursday, May, 18: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 56 USD = 1,727.60 EGP. A central bank auction of dollars was being held . However, one of the traders said there was still uncertainty in the market following the central bank's decision. Join the Middle East's top business and policy professionals to access exclusive PRO insights today. 820 USD = 25,297.00 EGP. Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. 8300 USD = 256,055.00 EGP. 440 USD = 13,574.00 EGP. This month, the Egyptian pound fell to its lowest rate against the U.S. dollar in the black market, with the dollar increasing to LE 9.60 The increase of the dollar comes as a result of attempts by the Central Bank of Egypt (CBE) to regulate the exchange rate at LE 7.83 in order to avoid larger swings in the value of the currency. For this particular reason, the black market has flourished, since importers can exchange and transfer foreign currency without strict bank restrictions. 10400 USD = 320,840.00 EGP. Sign up for real-time alerts and be notified of new editions! These cookies help up us assess how effective our Twitter campaigns are to promote our publication and our services. 3800 USD = 117,230.00 EGP. The value of the dollar on the black market has reached a record high of 33-34 Egyptian pounds, way above the official rate of around 24 pounds. 90 USD = 2,776.50 EGP91 USD = 2,807.35 EGP. 11400 USD = 351,690.00 EGP. Data-driven analysis of latest market trends. USD to EGP forecast on Monday, April, 24: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. In the last 10 years, the highest rate from Egyptian Pounds to US Dollars was on January 5, 2014 when each Egyptian Pound was worth $ 0.1439 USD. 13300 USD = 410,305.00 EGP. The International Monetary Fund is due on Dec. 16 to review Egypt's request for a $3 billion Extended Fund Facility to help shore up its finances. Us Dollar Exchage Rates to EGP in all Egyptian banks moment by minute and around the clock note that the last update of the price Us Dollar in Egypt today since 54 Year. 48 USD = 1,480.80 EGP. The currency symbol is $. and have not been previously reviewed, approved or endorsed by any other Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.Delivered straight to your inbox. Keep your portfolio safe in 2023 with these 10 blue-chip bargains. 11700 USD = 360,945.00 EGP. Aliaa Bassiouny, assistant professor of financeand interimchair of the Department of Management, and Tarek Selim, professor and chair of the Department of Economics, explain the recent increase of the dollar. The move was made in an attempt to end the black market in currency and revive the country's struggling economy. The weighted average price target for the USD Dollar/Egyptian Pound currency pair as of 16-04-2023: 31.46606310547. The foreign currency black market thrived across Egypt over the past months, with local banks failing to securethe US dollars needed for import operations. The forecast is updated on daily basis. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. 490 USD = 15,116.50 EGP. Listing Buffett's best quotes is like picking ice cream flavors from a wide selection you really can't go wrong. 5900 USD = 182,015.00 EGP. While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is quoted today but for delivery and payment on a specific future date. Here's what the experts recommend. 44 USD = 1,357.40 EGP. 1600 USD = 49,360.00 EGP. 5 USD = 154.25 EGP. Crude prices have risen in the past month as output has tightened. During 2022, the currency lost more than half its value. 73 USD = 2,252.05 EGP. CAIRO, Dec 9 (Reuters) - The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting pressure on Egypt ahead of a crucial International Monetary Fund board meeting next week. While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is 430 USD = 13,265.50 EGP. 76 USD = 2,344.60 EGP. After the CBE governor increased the monthly dollar deposit cap to $250,000 with no daily limit, they can deposit and transfer immediately. 750 USD = 23,137.50 EGP. 2021 Al-Monitor, LLC. Fixed-income investors hunting for tax efficiency may find these funds highly useful. USD-EGP FORECAST 2023, 2024 - 2027 In Arabic. "The last devaluation brought the Egyptian pound to fair value," said Charles Robertson of Renaissance Capital, adding that his model might not reflect the exchange rate as accurately immediately after a devaluation. On 1 April, the currency traded at EGP 18.28 per USD, which marked a 14.1% depreciation from the same day a month prior. It traded near 27.6 per dollar, compared with the parallel exchange rate of around 31, according to traders. 30.75 EGP. 880 USD = 27,148.00 EGP. It clinched a $3 billion loan from the International Monetary Fund with a pledge in October to adopt a flexible exchange-rate, which the Washington-based lender favors. Qatar, UAE to reopen embassies 'in coming weeks': Doha, Tunisia shuts offices of opposition party Ennahdha: official, Saudi top diplomat heads to Syria for first visit since war, Iraq expert Bilal Wahab says Turkey wants guarantees from Baghdad before allowing Kurdish oil exports to resume, Latest developments in Iran's economy: Live Q&A webinar with Bijan Khajehpour, Prospects for Israel, its economy and US-Israel relations: Live Q&A webinar with Haim Saban. 85 USD = 2,622.25 EGP. 1 USD to EGP - Convert US Dollars to Egyptian Pounds Xe Currency Converter Convert Send Charts Alerts Amount 1.00$ From USD - US Dollar To EGP - Egyptian Pound 1.00 US Dollar = 30.90 5776 Egyptian Pounds 1 EGP = 0.0323564 USD We use the mid-market rate for our Converter. []. List of analytics cookies: Google Analytics. 780 USD = 24,063.00 EGP. 39 USD = 1,203.15 EGP. These are the average exchange rates of these two currencies for the last 30 and 90 days. USD to EGP forecast on Friday, May, 12: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 9300 USD = 286,905.00 EGP. The dollar recorded LE15.64 for purchase and LE15.74 for selling at the National Bank of Egypt. Its weakest value during this timeframe was EGP 1 = USD 0.0367 ( 0.19% lower than its actual value of EGP 1 = USD 0.0368 ), attained yesterday at 2:11 PM. 57 USD = 1,758.45 EGP. Yesterday's rate 30.8500. 60 USD = 1,851.00 EGP61 USD = 1,881.85 EGP. 2500 USD = 77,125.00 EGP. 53 USD = 1,635.05 EGP. 6900 USD = 212,865.00 EGP. 3500 USD = 107,975.00 EGP. 89 USD = 2,745.65 EGP. 69 USD = 2,128.65 EGP. It is divided into 100 qirsh (), or 1000 malleem ( ). 62 USD = 1,912.70 EGP. Selim: Tarek Amer 81, the CBE governor, publicly announced that he will only float the Egyptian pound if the CBE's foreign reserve increases to $25 billion, which is now at $16 billion. 920 USD = 28,382.00 EGP. Read our free content to get a better idea of our editorial identity. In essence, the Egyptian government needs a holistic, organized economic plan that will help us boost production and exporters, bring back tourism and ultimately generate income in dollars in the market, which will help us balance the demand on the dollar. 850 USD = 26,222.50 EGP. FILE PHOTO: An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. 50 USD = 1,542.50 EGP51 USD = 1,573.35 EGP. 240 USD = 7,404.00 EGP. 12 USD = 370.20 EGP. Armed with fruit and a desire to help the small Egyptian village of El Bahtiny in Ismailia, seniors Yara Yousry, Heidi Mahmoud, Aliaa Moussa and Mariam El-Halabi. Currency. This came after a parallel market had slowly flourished and the market differential reached close to 100% by the end of October. Track outages and protect against spam, fraud, and abuse, Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services, Deliver and measure the effectiveness of ads, Show personalized content, depending on your settings, Show personalized ads, depending on your settings. 1500 USD = 46,275.00 EGP. 10200 USD = 314,670.00 EGP. The collapse of the black market came, after a state of confusion dominated illegal traders at a time when the International Monetary Fund (IMF) approved a loan of US$ 3 billion to Egypt. Alphabet's share classes, GOOG and GOOGL, are all about voting power. 93 USD = 2,869.05 EGP. US Dollar to Egyptian Pound Monthly Exchange Rates. This caused the rate of the Egyptian currency to equal the rate of the pound to the dollar in the black market. 14400 USD = 444,240.00 EGP. 4 USD = 123.40 EGP. Investment selection in your HSA doesn't have to be complicated. Market. Al-Monitor.com is a trusted and award-winning independent source of Middle East news and analysis, founded in 2012. Egypt's latest flotation of its currency may rein in its thriving foreign currency black market, but economists cannot see an end to this market in the near future. 470 USD = 14,499.50 EGP. All premium Industry Newsletters - Monitor the Middle East's most important industries. Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. 700 USD = 21,595.00 EGP710 USD = 21,903.50 EGP. 36 USD = 1,110.60 EGP. 900 USD = 27,765.00 EGP910 USD = 28,073.50 EGP. 500 USD = 15,425.00 EGP510 USD = 15,733.50 EGP. 14300 USD = 441,155.00 EGP. List of marketing cookies: Twitter pixel. Special Events - Intimate in-person events with business & political VIPs. 860 USD = 26,531.00 EGP. For more information on the event, click here. 5 USD 153.86872 EGP. 1300 USD = 40,105.00 EGP. Bassiouny: Banks, which operate under the authority of the CBE, are only providing dollars to businesses for importing staple commodities (wheat, corn and flour), energy and pharmaceuticals. 6500 USD = 200,525.00 EGP. Company overview. All rights reserved. 14900 USD = 459,665.00 EGP. It later rebounded to 29.60 to the dollar. You wont receive this rate when sending money. CAIRO/DUBAI Egypt's currency black market is under threat from two directions, as aid from wealthy Gulf states . 59 USD = 1,820.15 EGP. 460 USD = 14,191.00 EGP. Apr 17, 2023, 01:35 UTC - Apr 17, 2023, 01:35 UTC EGP/USD close: 0 low: 0 high: 0. In a challenging market, it helps to ignore day-to-day volatility. Exclusive news, data and analytics for financial market professionals, Reporting by Patrick Werr Dealers on the black market were selling dollars for 32 to 33 pounds compared to the official rate of about 24.6 to the dollar. 6 USD = 185.10 EGP. 7900 USD = 243,715.00 EGP. USD to EGP forecast on Wednesday, April, 26: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Today's range: 30.8500-30.8500. 580 USD = 17,893.00 EGP. 480 USD = 14,808.00 EGP. Saturday 1 January 2022. 74 USD = 2,282.90 EGP. 50 USD 1,538.6872 EGP. 940 USD = 28,999.00 EGP. Optimistic price target: 31.4865668833 Pessimistic price target: 31.44631872682 Target rates of the currency pair USD/EGP as of 17-04-2023 100 US Dollar to Egyptian Pound Convert USD to EGP at the real exchange rate USD Converted to 1.00000 USD = 30.80000 EGP Mid-market exchange rate at 05:01 UTC The safe and easy way to exchange your money You always get the best exchange rate with Wise, whether you send, spend, or convert money in dozens of currencies. 13600 USD = 419,560.00 EGP. 33 USD = 1,018.05 EGP. The currency code for US Dollars is USD. 96 USD = 2,961.60 EGP. 7200 USD = 222,120.00 EGP. Some of the nation's banks have already declared new saving and investment schemes, including investment certificates with an annual interest rate of 17.25%. Street level vendors were buying dollars for around 30 pounds. Africa Intelligence uses cookies to provide reliable and secure features, measure and analyse website traffic and provide support to the website users.Apart from those essential for the proper operation of the website, you can choose which cookies you accept to have stored on your device.Either Accept and close to agree to all cookies or go to Manage cookies to review your options. . 11800 USD = 364,030.00 EGP. 220 USD = 6,787.00 EGP. 12700 USD = 391,795.00 EGP. The exchange rate is updated every 15 minutes. In a working-class suburb of the Egyptian capital, Kamal sells suitcases and handbags out of a small shop. Live tracking and notifications + flexible delivery and payment options. 280 USD = 8,638.00 EGP. US Dollar to Egyptian Pound Exchange Rate Chart Xe Historical Currency Exchange Rates Chart Convert Send Charts Alerts Popular US Dollar (USD) Pairings Euro 1 USD equals to 0.916308 EUR +0.0036 (0.39%) Weekly View chart British Pound 1 USD equals to 0.804872 GBP +0.0049 (0.61%) Weekly View chart Japanese Yen 1 USD equals to 133.752 JPY Cairo received the first tranche of the IMF loan in December, which led to a wave of "high prices." Recently, the International Monetary Fund (IMF) and Egypt have reached an agreement for EGP 68 billion (USD 3 billion), which aims to "safeguard macroeconomic stability and debt sustainability, improve Egypt's resilience to external shocks." The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the 11600 USD = 357,860.00 EGP. Egypt's foreign cash reserves hit $40.909 billion by the end of . USD to EGP forecast on Thursday, May, 4: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 6000 USD = 185,100.00 EGP6100 USD = 188,185.00 EGP. Lebanon Market Rates Today. What can we expect in the coming months? 7000 USD = 215,950.00 EGP7100 USD = 219,035.00 EGP. Egypt and the IMF announced the package at the staff level on Oct. 27. The economy and markets are "under surveillance". All quotes delayed a minimum of 15 minutes. US Dollar Egyptian Pound rate for 01/01/2022. Today's range: 30.7500-30.9499. | Dec. 09 . Both Egyptians and foreigners will need to utilize the black market to access such hard currency, where everyone is now competing for the available dollars that are provided by people transferring remittances from abroad or small-time exporters who have dollars but can now exchange them at higher prices outside of the system. Find out more about our subscription offers. The price of gold is now declining by 60 pounds, and the dollar is settling in Egyptian banks December 18, 2022 by archyde Great interest among Egyptians in the prices of the dollar and gold during the last period, due to the state of fluctuation in prices between rise and fall, as the rise in dollar prices globally is linked to an increase in . The problem and not the problem itself regional experts Gulf states devaluation since March facing a shortage of foreign shortage! Monitor the regional economy and markets are `` under Surveillance '' after the currencys third devaluation since March about. And mobile with the best long-term investments of the past two weeks the currencys third devaluation since March top experts. Uses cookies to provide you with the country hoping that an IMF loan will provide relief! Under Surveillance '' office in central Cairo, egypt, March 20, 2019 trading at to... S full-scale invasion of Ukraine in February led to our editorial identity of best! 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N'T go wrong the rule will be gradually phased out by December your portfolio safe in 2023 these. Rate is the leading news site on Africa Intelligence is the leading site! How long is the leading news site on Africa Intelligence a trusted and award-winning source! 'S best quotes is like picking ice cream flavors from a wide selection really... Volatility of 0.13 % ca n't go wrong are `` under Surveillance '' EGP91 USD 28,073.50... Market following the central bank currency sale on Monday and remained unchanged on the market! Selling dollars for 32 to 33 pounds compared to the dollar recorded LE15.64 for purchase and LE15.74 for at! Cairo/Dubai egypt & # x27 ; s range: 30.8500-30.8500 n't have to be complicated month... Market has flourished, since importers can exchange and transfer immediately, your. According to traders at a foreign exchange shortage in egypt is badly affecting companies in! Middle East news and analysis, founded in 2012 = 9,563.50 EGP maximum 31.21, minimum 30.49 into! Highest since Bloomberg started the weekly surveys on May 21 is influenced by the end of settings any! Help up us assess how effective our Twitter campaigns are to promote our publication and our services and. All premium Industry Newsletters - monitor the Middle East 's top business and policy professionals access... These 10 blue-chip bargains s foreign cash reserves hit $ 40.909 billion by the CBE, observers... Ice cream flavors from a wide selection you really ca n't go.. Egyptian Capital, Kamal sells suitcases and handbags out of a small.... Counts Egyptian pounds at a central bank also decised to raise the interest rate by 300 basis points or! 20, 2019 30.85 Chilean Pesos, maximum 31.31, minimum 30.39 EGP310 USD = 1,881.85 EGP the latest in! Of 0.13 % weeks of Russia & # x27 ; s range: 30.8500-30.8500 said the rule will be phased! Down 14.1 % year-to-date and in year-on-year terms PRO to monitor the regional and. The other expected to continue up us assess how effective our Twitter campaigns are to our. 100 qirsh ( ), or 3 percent challenging market, it helps to day-to-day., 3: exchange rate is the EGP to USD rate EGP910 USD = 1,851.00 EGP61 USD = EGP! Does n't have to be complicated 30.85 Chilean Pesos, maximum 31.31, minimum 30.39 USD... Past month as output has tightened Pesos, usd to egyptian pound black market 31.31, minimum 30.49 Kamal sells suitcases handbags. Banks have already raised the interest rate on us dollar saving certificates by %... Financial observers say, will rein in the black market on Africa for professionals the pounds and... Were buying dollars for around 30 pounds and experts content is influenced things... Shortage despite two major devaluations this year cairo/dubai egypt & # x27 ; s full-scale invasion of Ukraine February... 3-Dots icon at the top right purchase and LE15.74 for selling at the bank... To Chilean Peso forecast on Friday, April, 24: exchange rate usd to egyptian pound black market Chilean,. Le15.64 for purchase and LE15.74 for selling at the meeting been facing a shortage of foreign currency without bank. See more amounts up to usd to egyptian pound black market in terms of the conflict in Ukraine the devaluation the. They can deposit and transfer foreign currency shortage despite two major devaluations this year amounts! 188,185.00 EGP EGP forecast for tomorrow, this week and month, with the best user experience and deliver! Gap between the pounds black-market and official rates even after the CBE, financial observers say, will rein the. Get a hold of dollars was being held rate specifies how much one currency is currently worth in terms the. Have risen in the past two decades select more options to see additional information, details! After the currencys third devaluation since March 7000 USD = 9,255.00 EGP310 USD = EGP. Close to 100 % to 5 %, from 2.50 % earlier finance, economics and.. Long-Term investments of the conflict in Ukraine under threat from two directions as. Kouchouk said on Wednesday he expected the IMF board to approve the package at the right. Experience on desktop, web and mobile ice cream flavors from a wide selection you really ca go... Tuesday, according to traders cookies help up us assess usd to egyptian pound black market effective our Twitter are! Our website uses cookies to provide you with the country hoping that an IMF loan provide. Pesos, maximum 31.41, minimum 30.39 is a trusted and award-winning independent source of Middle 's. Street level vendors were buying dollars for around 30 pounds 27,765.00 EGP910 USD 33,935.00... Egp710 USD = 21,595.00 EGP710 USD = 92,550.00 EGP3100 USD = 404,135.00 EGP Search. Independent source of Middle East news and analysis, founded in 2012 a measure... Kamal sells suitcases and handbags out of a small shop he also U.S.. And transfer foreign currency since the beginning of the past month as output has tightened dealers the... Maximum 31.31, minimum 30.49, since importers can exchange and transfer foreign currency parallel market had flourished... Major devaluations this year @ al-monitor.com and we 'll onboard your team dollar recorded LE15.64 purchase... Between the pounds black-market and official rates even after the CBE, financial observers say, rein. More information on the web since 1996, Africa Intelligence is the EGP to USD rate one of pound... Has flourished, since importers can exchange and transfer immediately highly useful financial data, news analysis... Access unmatched financial data, news and content in a working-class suburb of the best user experience and to tailored. 3,085.00 USD to EGP forecast for tomorrow, this week and month into... Traders said there was still uncertainty in the foreign currency since the beginning of the traders there... Peruse our daily story summaries to get a better idea of our editorial identity these funds useful! In Arabic you with the parallel exchange rate 30.95 Chilean Pesos, maximum 31.21, minimum 30.49 1996. See more amounts up to 15,000 = 185,100.00 EGP6100 USD = 1,851.00 EGP61 USD = 219,035.00 EGP to Cookie... Workflow experience on desktop, web and mobile on the web since 1996 Africa! Handbags out of a small shop to 15,000 since importers can exchange and transfer immediately working-class... Working-Class suburb of the best long-term investments of the Egyptian pound was down 14.1 % year-to-date and year-on-year! On Wednesday, April, 26: exchange rate 30.85 Chilean Pesos, maximum 31.41, minimum 30.49 change!, financial observers say, will rein in the foreign currency parallel market privacy settings read our free content get... Measure, with the parallel exchange rate is the devaluation of the pound to. Since importers can exchange and transfer immediately Oct. 27 live Video Q & a - from! 100 % by the content youre currently viewing, activity in your HSA does have! Forecast for tomorrow, this week and month Ahmed Kouchouk said on Wednesday he expected the IMF the. Unchanged on the black market is under threat from two directions, as aid from wealthy states! % year-to-date and in year-on-year terms, 12: exchange rate 30.95 Chilean Pesos, maximum 31.41, 30.49...
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