Retreat The price of the dollar on the black market Affected by several measures of the state, including the announcement of the Central Bank of Egypt a few days ago to raise the price of the dollar, as the price of the dollar on the black market reached about 34 pounds, after it was 38 pounds.
The price of the dollar on the black market
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The position of the pound against the dollar on the black market was supported by several decisions, most notably the central bank raising the interest rate 4 times during the year 2022, the latest of which was the 3% increase at once, the speedy customs release of goods in ports, the abolition of documentary credits and the permission to export gold, which provides more hard currency.
Some rushed to sell their dollars for fear of losing them after they bought them for large sums, as it fell strongly in the parallel market, after it exceeded 38 pounds earlier.
And the price has stabilized dollar in Egypt During the beginning of trading today, Wednesday, January 18, 2023, in the dealings of Egyptian banks, while yesterday it declined by between 5 to 9 piasters during the closing of trading.
The price of the dollar today
The price of the dollar settled today in the National Bank of Egypt, about 29.43 pounds for purchase and 29.53 pounds for sale.
The price of the dollar in The United Bank recorded about 29.67 pounds for purchase and 29.77 pounds for sale.
The price of the dollar was fixed today in the Bank of Alexandria, about 29.53 pounds for purchase, 29.63 pounds for sale.
The price of the dollar today in Banque Misr reached about 29.43 pounds for purchase and 29.53 pounds for sale.
The price of the dollar today in the Commercial International Bank reached about 29.53 pounds for purchase and 29.63 pounds for sale.
The price of the dollar today in Abu Dhabi Islamic Bank was recorded at about 29.70 pounds for purchase and 29.80 pounds for sale.
The price of the dollar in the Suez Canal Bank reached about 29.50 pounds for purchase and 29.60 pounds for sale.
Dollar prices globally
The green currency fell at the global level, to low levels for the first time in several months, according to the main dollar index (DXY), which measures the green currency against 6 major currencies.
The green currency witnessed a decline, and according to the dollar index against the rest of the currencies, it recorded 102.36 points after 105.06 points on Friday, January 6, while it exceeded 114 points in September 2022, according to the “Wall Street Journal.”
And it recorded the lowest level in almost 9 months after US inflation data showed a downward trend in prices, which raised expectations that the US Federal Reserve will slow down the pace of interest rate hikes.