to attest dollar A strong wave of losses in the parallel market, coinciding with the strong decline in gold prices, the Prime Minister’s statements about the real dollar price, as well as the Finance Minister’s statements about the state’s ability to pay its financial obligations and the improvement of the exchange rate by the end of this year.
Strong retreat
The price of the dollar on the black market fell to about 36-37 after it recorded 40 and 41 a few days ago, as a result of the increase in the cash reserves in the central bank for the second time in a row in foreign currencies by about $ 104 million, to reach about 34.551 by the end of April 2023, compared to about $ 34.447 billion. By the end of March 2023, in addition to the decision of the Monetary Policy Committee of the Central Bank of Egypt at its meeting to keep the rates of the return on deposit and lending for one night and the rate of the main operation of the Central Bank at the level of 18.25%, 19.25% and 18.75%, respectively.
Dollar prices today
Today, dollar prices are the subject of much interest and have witnessed stability in banks since Friday, March 10, according to the latest updates published by banks on their official websites, to be stable for a full 69 days without movement, to complete the two months stable without any movement if it did not occur. No new move, for the first time since the Russian-Ukrainian war.
Related topics:
There is no float
Many expected a significant devaluation of the pound, but opposite expectations emerged, most notably the expectation of a report published by Bloomberg that the central bank would not undertake a new devaluation of the pound against the dollar until the end of the current fiscal year.
Many indicators point to a near improvement in the value of the pound against the dollar, as a result of the economy continuing to achieve high growth rates despite the difficult challenges, represented by the repercussions of the Russian-Ukrainian war.
next December
According to Bloomberg Agency, Finance Minister Mohamed Maait said on the sidelines of the Egyptian-Canadian Business Council meeting in Cairo the day before, that the expected tourism revenues by the end of the fiscal year 2022-2023, which ends on June 30, may reach $14 billion, explaining that in December of this year. The country will witness the start of recovery, the stability of the exchange rate of the Egyptian pound, and the start of controlling inflation.
The pound is rising against the dollar
The pound rose against the green in the futures market, where the pound contract for one month was traded around 32.9, after it recorded 35.3 a few days ago.
Dollar prices in the central bank
And about the price of the green paper against the pound, in the Central Bank of Egypt, it came as follows:
1 dollar = 30.83 pounds after 30.84 pounds for purchase.
1 dollar = 30.93 after 30.95 pounds for sale.
The highest price of the dollar today
The American recorded the highest price among banks for sale, in the Egyptian Gulf Bank as well as the Suez Canal Bank, as it recorded today as follows:
- $1 = 30.85 pounds for purchase.
- 1 dollar = 30.95 pounds for sale.
The price of the dollar against the pound, buying and selling
And the price recorded today in banks, stable between 30.75 pounds for purchase as the lowest price, and 30.95 pounds for sale as the highest price.
The price of the dollar against the Egyptian pound, the National Bank
The price of green against the Egyptian pound in the National Bank today was as follows:
- $1 = 30.75 pounds for purchase.
- 1 dollar = 30.85 pounds for sale.
The lowest price of the dollar today
The American recorded the lowest exchange rate against the pound, at the National Bank of Egypt today, to reach 30.75 pounds for purchase.
The dollar against the Egyptian pound, Banque Misr
Regarding the green price against the Egyptian pound in Banque Misr, it came as follows:
- $1 = 30.75 pounds for purchase.
- 1 dollar = 30.85 pounds for sale.
Dollar prices globally
And the US price stabilized according to the dollar index (DXY), which measures its level against 6 major currencies, according to the “Wall Street Journal”.
The index recorded 103.59 points after 105.64 last March, while the index reached 114.78 points earlier at the end of 2022.
