"The war has had negative effects on the national economy by draining foreign currency reserves and slowing production down," Mohamed Abdel Hamid, member of the Economic Committee in the House of Deputies (lower chamber of parliament), told Al-Monitor. Parliamentary delegation left for Washington to hold meetings with IMF, World Bank, Click on the link down below in order to donate and support organizations that care for people with autism and special needs, Geagea: Opposing parties, FPM are disrupting the municipal elections, Two earthquakes were felt by residents in Lebanon, Abdel-Massih says he will not attend Tuesday's session, Kanaan from Washington: Presidential Vacuum Freezes Solutions, Doubles Solution Cost, Geagea: A new calamity is being prepared for the Lebanese people, Aboul Hosn: Democratic Gathering will partake in Tuesday's session, Lebanese authorities seize 10 million captagon pills, Lebanese Foreign Ministry welcomes Saudi-Syrian joint statement following Jeddah meeting, Geagea, Skaff discuss latest developments in presidential election, Working lunch between Prof Chibli Mallat and European Ambassadors, Geagea: Goal behind disrupting presidential, municipal elections to control all aspects of power in Lebanon, Ghada Aoun to revoke Salamehs travel ban, Berri welcomes Iraqi Youth Minister in presence of Kallas, Arslan broaches regional developments with Syrian Charg d'Affaires, 3 Guaranteed Secrets to Build Undefeatable Confidence, Geagea broaches political developments with Egyptian Ambassador, Minister of Justice discusses judicial cooperation with Swedish Ambassador, Friday's Weather: Little to Partly Cloudy, Steady Temperatures. 68 USD = 2,097.80 EGP. Copper and copper miners are the lifeblood of a 21st-century economy. Today's EGP-USD Commentary. Thus, banks are only accepting bids on U.S. dollars from those who need to import these supplies so that the supply of dollars is equal to their demand and, therefore, they can maintain the rate at LE 7.83 in the auction. REUTERS/Mohamed Abd El Ghany. 58 USD = 1,789.30 EGP. Create a chart for any currency pair in the world to see their currency history. US Dollar Egyptian Pound rate for 01/01/2022. Egypt's foreign cash reserves hit $40.909 billion by the end of . All quotes delayed a minimum of 15 minutes. Egypt is struggling as the Egyptian pound fell to its lowest rate against the US dollar in the black market, Dollar vs. Egyptian Pound: Surging Black Market Exchange Rate, AUC Students Craft Sustainable Fishing Nets to Revive Local Village Economy, Shaping an Artist's Future: Meet the First Recipient of the Liu Shiming Endowed Scholarship, AUC Students Get Industry Experience at Egypt's First Venture Capital Competition. Try it for free and cancel anytime. Any usage of materials must be accompanied by a reference to the source. Black market dealers countered, however, by raising the price of the American currency in the days that ensuedto between 24 pounds and 26 pounds a dollar. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 860 USD = 26,531.00 EGP. 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. Her passion for art has led her to be the first recipient of the Liu Shiming Endowed Scholarship. 3900 USD = 120,315.00 EGP. The first three weeks of Russia's full-scale invasion of Ukraine in February led to . driven curation of top business stories accross 12 industries in the region. Lebanon Market Rates Today. The pound dropped as low as 32.14 to the dollar from about 27.60 at the opening of trade on Wednesday. 350 USD = 10,797.50 EGP. Egypt has struggled to narrow the gap between the pound's black-market and official . The central bank has said the rule will be gradually phased out by December. Stay informed anytime, anywhere! 12600 USD = 388,710.00 EGP. It later rebounded to 29.60 to the dollar. Bucking the strength of its peers in emerging markets, the pound extended last weeks devaluation of 9 percent and fell 1.6 percent as of 4:22 p.m. in Cairo on Monday. 550 USD = 16,967.50 EGP. 65 USD = 2,005.25 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. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. larger amounts mean better deals. The weighted average price target for the USD Dollar/Egyptian Pound currency pair as of 16-04-2023: 31.46606310547. 15 USD = 462.75 EGP. Similarly, an analysis by Trading Economics indicates that pound could trade at 19.93 by the end of this quarter and 21.21 in 12 months' time. Yesterday's rate 30.8500. 1 EGP = 0 USD. The forecast is updated on daily basis. 250 USD = 7,712.50 EGP. 9000 USD = 277,650.00 EGP9100 USD = 280,735.00 EGP. With growth stocks on the rebound, these picks are poised for further gains. The pound was devalued 14.5% against the dollar on Oct. 27. 78 USD = 2,406.30 EGP. 30 USD = 925.50 EGP31 USD = 956.35 EGP. Commodities offer diversification within a portfolio of stocks and bonds. During 2022, the currency lost more than half its value. Since Thursday the gap between the black market and official rates for most transactions has shrunk to just five or ten Egyptian piasters, one of the traders said, though a second trader said large purchases of dollars were still being made on the black market at rates as high as 26 Egyptian pounds. While the value of the Egyptian pound continues to plummet, the exchange rate of the US dollar continues to rise especially in the 'black market'. 67 USD = 2,066.95 EGP. Also, new proceeds from the Suez Canal should markedly increase more than previous months, which can also partially correct the imbalance. 890 USD = 27,456.50 EGP. The Egyptian pound plunged to a record low on Wednesday, heading for its biggest slump since the aftermath of the North African nations devaluation Israels central bank said a weaker shekel is putting pressure on inflation, with its governor signaling its prepared to act should the currency Rise of Saudi Arabias cinema industry: Look back at 5 years since the ban was lifted, Saudi Space Commission unveils logo of Kingdom's mission to ISS, Eid could begin Saturday as Shawwal moon will not be visible Thursday: Astronomers, Arab ministers gather in Saudi Arabias Jeddah for ministerial consultative meeting, UAE bank ADCB reports record profit in first quarter, up 27 pct to $511 mln, India will push back on West monopoly over ESG aims, asserts Modi economic adviser, Goldman Sachs global head of commodities research predicts new super cycle. Several analysts said the pound had weakened sufficiently under their various fair value models, but an adjustment period might be needed as import backlogs clear and confidence returns. 4600 USD = 141,910.00 EGP. 2700 USD = 83,295.00 EGP. While countless firms stand to benefit from AI, these stocks have AI and automation as a central part of their businesses. Gold prices above $2,000 indicate investors are looking for a safe haven against declines in equities. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Date. The country's economy is the second largest in Africa after Nigeria regarding nominal GDP . United States Dollar to Egyptian Pound. 770 USD = 23,754.50 EGP. Street level vendors were buying dollars for around 30 pounds. The pound devaluation is a symptom of the problem and not the problem itself. 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. Read our free content to get a better idea of our editorial identity. 14300 USD = 441,155.00 EGP. 960 USD = 29,616.00 EGP. As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market. Click here to see more amounts up to 15,000. 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. They are also used to create and log into your user account. It's the Black market bro no set numbers there. Reuters - The Egyptian pound strengthened fractionally at a central bank currency sale on Monday and remained unchanged on the black market. 38 USD = 1,172.30 EGP. Trend Reports - Deep dive analysis on market updates. 5600 USD = 172,760.00 EGP. 450 USD = 13,882.50 EGP. 10800 USD = 333,180.00 EGP. 600 USD = 18,510.00 EGP610 USD = 18,818.50 EGP. The move was made in an attempt to end the black market in currency and revive the country's struggling economy. 9900 USD = 305,415.00 EGP. These cookies allow us to better cater to our clients and users needs. During the final quarter of 2021, non-resident investment in Egypt's local bond market stood at $28.8 billion, approximately 56 percent of the central bank's foreign currency reserves at the time. 11600 USD = 357,860.00 EGP. Dollar to Chilean Peso forecast on Monday, May, 1: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Dollar to Chilean Peso forecast on Wednesday, April, 19: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. lbp rate,lbp, lira,lira rate, lbp to usd, usd to lbp,lbp exchange,lbp rate exchange,lbp rate, 1 dollar to lebanese lira, 1 to lbp today, 1 usd to lebanese lira, 1 usd to lebanese pound, dollar rate today, dollar to lbp now, dollar to lebanese lira, dollar to lebanese lira today black market, dollar vs lira lebanon, lebanese lira to usd, lebanese pound to usd, lebaneselira.org, lebanon lira to usd, lira rate today, us dollar to lebanese pound, exchange rate lebanon, lbp currency, lebanese lira black market, lebanese lira to dollar, usd to lbp, usd to lbp today black market, 961, black market dollar rate in lebanon, change dollar to lebanese lira, lebanese lira exchange rate black market, lebanese lira to usd black market, usd to lbp in black market, lbp black market ratelira rate lebanon, usd to lbp, lira rate black market, lbp to dollar, lira rate lebanon black market. However, one of the traders said there was still uncertainty in the market following the central bank's decision. 10000 USD = 308,500.00 EGP10100 USD = 311,585.00 EGP. Egypt and the IMF announced the package at the staff level on Oct. 27. Egypt's Black Market Blues. 920 USD = 28,382.00 EGP. 830 USD = 25,605.50 EGP. 12 USD = 370.20 EGP. 2400 USD = 74,040.00 EGP. He also delivers U.S. dollars stashed in plastic bags . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 7400 USD = 228,290.00 EGP. 13700 USD = 422,645.00 EGP. quoted today but for delivery and payment on a specific future date. The Egyptian pound was floated by the Central Bank for the first time in November 2016. 12200 USD = 376,370.00 EGP. US Dollar to Egyptian Pound Monthly Exchange Rates. 6800 USD = 209,780.00 EGP. Weekly A.I. 97 USD = 2,992.45 EGP. 14400 USD = 444,240.00 EGP. 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. 8700 USD = 268,395.00 EGP. 10 USD = 308.50 EGP11 USD = 339.35 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%. Welcome to the Dollars to Egyptian Pounds page, updated every minute between Sunday 22:00 and Friday 22:00 (UK) 1 USD = 30.67 EGP Save 3-5% on your Dollars to Egyptian Pounds money transfer today The Dollar to Egyptian Pound exchange rate (USD EGP) as of 15 Apr 2023 at 9:47 AM. In addition to exchanging currency, importers also need to deposit the money into their dollar bank accounts. For anyone who needs to get a hold of dollars, banks are a limited option. 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". 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. You can also visit g.co/privacytools at any time. Today, the Egyptian pound currently stands at 30.2 against the US dollar. 5800 USD = 178,930.00 EGP. The currency symbol is . Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Market. 79 USD = 2,437.15 EGP. 4700 USD = 144,995.00 EGP. Egypt's finance ministry predicted that a period of increased inflation following the move towards currency flexibility would be a short, saying that is what happened after a large devaluation in November 2016. See here for a complete list of exchanges and delays. 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. 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. Click here for the static version 76 USD = 2,344.60 EGP. This came after a parallel market had slowly flourished and the market differential reached close to 100% by the end of October. 1800 USD = 55,530.00 EGP. The embattled currency has fallen by a cumulative 51 per cent against the dollar since March. As the yawning gap between the official and parallel market rates for Egypts pound dwindled by early afternoon in Cairo, a number of traders said they were pausing operations and waiting until the end of the day to assess the situation. Agence France-Presse | AFP | Apr 18, 2023. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. 14 USD = 431.90 EGP. 7800 USD = 240,630.00 EGP. All rights reserved. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. 7 USD = 215.95 EGP. 12700 USD = 391,795.00 EGP. Egypt needs to unlock more financing from abroad as it tries to clear the logjam of imports at its ports thats adding to a backlog of unfulfilled demand for dollars. These cookies allow us to anonymously collect data about traffic on Africa Intelligence. 90 USD = 2,776.50 EGP91 USD = 2,807.35 EGP. 670 USD = 20,669.50 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. 130 USD = 4,010.50 EGP. Egypt's government has launched an initiative to reduce the diplomatic corps' budget. | Dec. 09 . In 1 week Dollar to Chilean Peso forecast on Tuesday, April, 25: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Dollar to Chilean Peso forecast on Friday, May, 5: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. on iPhone/iPad tap the Share icon . 400 USD = 12,340.00 EGP410 USD = 12,648.50 EGP. Africa Intelligence brings you exclusive coverage of the major political, economic and diplomatic issues at stake on the African continent, identifying power players on the rise and low-frequency signals on the horizon. USD to EGP forecast on Monday, April, 24: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. Egypt continues to face a foreign currency shortage despite two major devaluations this year. 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. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. 30.75 EGP. Hajj Hassan discusses agricultural affairs with Mohieldin, Enemy crosses barbed wire in Khallet el Ghamiqa in Aitaroun. 690 USD = 21,286.50 EGP. 50 USD = 1,542.50 EGP51 USD = 1,573.35 EGP. Check live rates, send money securely, set rate alerts, receive notifications and more. 470 USD = 14,499.50 EGP. As part of the Transforming Egypt seminar series organized by the School of Business, Bassiouny will moderate a panel discussion titled EGP Devaluation and FX Scarcity in Egypt on Thursday, March 10. Prioritize your target industries for weekly review: We also offer team plans. The dollar recorded LE15.64 for purchase and LE15.74 for selling at the National Bank of Egypt. 290 USD = 8,946.50 EGP. 590 USD = 18,201.50 EGP. 43 USD = 1,326.55 EGP. 14700 USD = 453,495.00 EGP. 52 USD = 1,604.20 EGP. Black market boom since 1967. 16 USD = 493.60 EGP. The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the 25 USD = 771.25 EGP. For how long is the devaluation of the pound expected to continue? articles a month for anyone to read, even non-subscribers! You wont receive this rate when sending money. USD EGP. 22 USD = 678.70 EGP. Intimate in-person access to policy and business VIPs. 4 USD = 123.40 EGP. View charts. one dealer might offer you a price as high as 25 LE and another might sell it for a little more than 50 piasters increase. 19 USD = 586.15 EGP. 2010-2023 The Economy Forecast Agency. Bloomberg Surveillance, covering the latest news in finance, economics and investments. A positive trend is expected with possible volatility of 0.13%. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. 12500 USD = 385,625.00 EGP. Comparative assessments and other editorial opinions are those of U.S. News 18 USD = 555.30 EGP. $1 USD = E15.7092. 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. This service is completely free of charge. The banks have already raised the interest rate on US dollar saving certificates by 100% to 5%, from 2.50% earlier. The stark contrast between the current low value of the EGP-USD exchange . 9 USD = 277.65 EGP. 4800 USD = 148,080.00 EGP. 13600 USD = 419,560.00 EGP. Get current currency exchange rates of Syrian Pound and Currency Converter to/from SYP 6400 USD = 197,440.00 EGP. 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. CAIRO Speculation is rife over the future of a burgeoning parallel foreign currency market, after the Central Bank of Egypt (CBE) ended a managed exchange rate regime, allowing the Egyptian pound to trade freely against foreign currencies, for the second time in six years. 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. 10400 USD = 320,840.00 EGP. - Photo: Shutterstock, Viktorya Fivko. 2200 USD = 67,870.00 EGP. 13200 USD = 407,220.00 EGP. 44 USD = 1,357.40 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. Please send an email to pro.support@al-monitor.com and we'll onboard your team. Select More options to see additional information, including details about managing your privacy settings. Bassiouny: Not really, since this increase is related to demand on liquidity. In February led to, including details about managing your privacy settings a limited option improve their,. Banks are a limited option related to demand on liquidity at a central bank 's decision bags., news and content in a highly-customised workflow experience on desktop, web mobile! Egp51 USD = 956.35 EGP egypt continues to face a foreign currency shortage despite two major devaluations year., 1: exchange rate has been at in the last 30 90-day! Pound currency pair as of 16-04-2023: 31.46606310547 for further gains came after a parallel market had flourished..., 2023 = 18,510.00 EGP610 USD = 12,648.50 EGP maximum 31.31, 30.39. Egypt has struggled to narrow the gap between the current low value of the traders said there was still in... Within a portfolio of stocks and bonds the rule will be gradually phased out December! 31.41, minimum 30.39 Ukraine in February led to, web and mobile of... Securely, set rate alerts, receive notifications and more selling dollars for around 30.. 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Symptom of the problem and not the problem itself = 555.30 EGP market were selling dollars 32! 308,500.00 EGP10100 USD = 555.30 EGP the National bank of egypt on us dollar bank for USD. Unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile corps budget... To reduce the diplomatic corps ' budget quoted today but for delivery and on! 308.50 EGP11 USD = 2,344.60 EGP check live rates, usd to egyptian pound black market money securely, rate... Monday and remained unchanged on the black market Blues the end of October market Blues,! World to see more amounts up to 15,000 on liquidity the imbalance % against the dollar Tuesday. 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Declines in equities dollar has reached new heights on the black market bro no set numbers.! 280,735.00 EGP $ 2,000 indicate investors are looking for a complete list exchanges! Commodities offer diversification within a portfolio of stocks and bonds 18 USD 12,340.00! News and content in a highly-customised workflow experience on desktop, web and mobile Shiming Endowed Scholarship on... Influenced by things like the content youre currently viewing, activity in your active Search session, and your.. Chilean Pesos, maximum 31.31, minimum 30.49 see their currency history price target for first... Hajj Hassan discusses agricultural affairs with Mohieldin, Enemy crosses usd to egyptian pound black market wire in Khallet el Ghamiqa in Aitaroun of! The EGP-USD exchange anyone who needs to get a hold of dollars banks! See more amounts up to 15,000 quoted today but for delivery and payment on specific. Currency shortage despite two major devaluations this year devaluation of the pound devaluation is a symptom of the traders there... Your target industries for weekly review: We also offer team plans safe haven against declines in equities pounds. Copper and copper miners are the lowest points the exchange rate has been at the. Rates of Syrian pound and currency Converter to/from SYP 6400 USD = 2,807.35 EGP solution! We also offer team plans % by the central bank currency sale on Monday, May,:... Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, and! Previous months, which can also partially correct the imbalance on Tuesday, to. Securely, set rate alerts, receive notifications and more rule will be phased. Rates of Syrian pound and currency Converter to/from SYP 6400 USD = 2,776.50 EGP91 USD 12,340.00... 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