usd to egyptian pound black market

REUTERS/Mohamed Abd El Ghany, Best Parent Student Loans: Parent PLUS and Private. The USDEGP spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the EGP. Egypt continues to face a foreign currency shortage despite two major devaluations this year. 13900 USD = 428,815.00 EGP. This two-tier regime happened in Egypt several times and is also now in Venezuela. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. dollar.. The US dollar to Egyptian pound exchange rate on Monday recorded a low of LE15.63 for purchase and LE15.73 for sale, and LE15.65 for purchase and LE15.75 for sale as the highest price. That is about 18.5% weaker than its rate before a sharp depreciation last Thursday, when Egypt said it would adhere to a "durably flexible" exchange rate as a new International Monetary Fund loan was announced, and about 35% weaker than its level at the start of the year. 13600 USD = 419,560.00 EGP. Weekly A.I. 6700 USD = 206,695.00 EGP. other. Egyptian Pound to US Dollar. 12H 1D 1W 1M 1Y 2Y 5Y 10Y. 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. A cookie is a text file placed on the hard drive of your terminal (computer, smart phone, tablet, etc.) 63 USD = 1,943.55 EGP. 9 USD = 277.65 EGP. We also use cookies and data to tailor the experience to be age-appropriate, if relevant. During 2022, the currency lost more than half its value. 4500 USD = 138,825.00 EGP. 6 USD = 185.10 EGP. 970 USD = 29,924.50 EGP. 380 USD = 11,723.00 EGP. 93 USD = 2,869.05 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. 7 USD = 215.95 EGP. The current EGP-USD interbank rate is now near its minimal level of the past two weeks. 450 USD = 13,882.50 EGP. 730 USD = 22,520.50 EGP. 13800 USD = 425,730.00 EGP. on Android tap the 3-dots icon at the top right. It traded near 27.6 per dollar, compared with the parallel exchange rate of around 31, according to traders. 9200 USD = 283,820.00 EGP. 7300 USD = 225,205.00 EGP. Text Alerts - Be the first to get breaking news, exclusives, and PRO content. 4200 USD = 129,570.00 EGP. 64 USD = 1,974.40 EGP. 10 USD = 308.50 EGP11 USD = 339.35 EGP. 14600 USD = 450,410.00 EGP. 430 USD = 13,265.50 EGP. September 15, 2022 CAIRO Egypt's monetary planners face a number of tough options in their desire to forestall further deterioration in the value of the Egyptian pound and rein in the rise in the exchange rate of the US dollar, the main import currency in the country. That made Egypt extremely vulnerable to capital flight, which in turn made it vulnerable to debt-defaulting; in other words, bankruptcy. 84 USD = 2,591.40 EGP. You can modify or delete your notifications or summaries in your account. Shahd El Helbawy sees mysteries to be explored through her most recent artistic pursuit: sculpting. on iPhone/iPad tap the Share icon . | Dec. 09 . Egypt's government has launched an initiative to reduce the diplomatic corps' budget. 260 USD = 8,021.00 EGP. 10200 USD = 314,670.00 EGP. 3600 USD = 111,060.00 EGP. 11200 USD = 345,520.00 EGP. 590 USD = 18,201.50 EGP. 3000 USD = 92,550.00 EGP3100 USD = 95,635.00 EGP. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. 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. 22 USD = 678.70 EGP. FILE - A man displays a 100 U.S. dollar and 50 Egyptian pound notes in Cairo. A foreign exchange shortage in Egypt is badly affecting companies engaged in foreign trade. 160 USD = 4,936.00 EGP. USD to EGP forecast on Friday, April, 28: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Dollar Watch list Last Updated: Mar 17, 2023 1:47 p.m. EDT $ 0.032467 0.000004 0.01% Previous Close $0.032463 Advanced Charting 0.032368 Day Range. 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. The change for today 0.0000 Chilean Pesos, 0.00%. 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. 880 USD = 27,148.00 EGP. 8000 USD = 246,800.00 EGP8100 USD = 249,885.00 EGP. 540 USD = 16,659.00 EGP. 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. 10000 USD = 308,500.00 EGP10100 USD = 311,585.00 EGP. 77 USD = 2,375.45 EGP. Editing by Aidan Lewis and Mark Heinrich, US sets $259 million F-16 equipment sale to Turkey, Cryptoverse: Bitcoin miners escape the bear trap, BP's chief economist sees oil market tightening by H2 2023, Oil slips on economy worries, despite upbeat China data, Factbox: Little known facts about King Charles: One-time jockey and hedgelayer, Russia building reserves in assets the West can't sanction - central bank chief, Russia's Shoigu: partnership with China is stabilising influence, European Parliament backs reform of EU carbon market, Strong UK pay growth boosts chance of Bank of England rate rise. The content As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market. 72 USD = 2,221.20 EGP. 230 USD = 7,095.50 EGP. 1 USD 30.773744 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. The Egyptian pound became one of the worst performers in 2023, having depreciated almost 20% against the greenback since the start of the year. Dollar to Chilean Peso forecast on Friday, April, 21: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 3700 USD = 114,145.00 EGP. "The increase of the dollar's exchange rate against the local currency caused stagnation in the sales and made the clients reluctant to conclude any deal," he added. Need to know when a currency hits a specific rate? Select More options to see additional information, including details about managing your privacy settings. 2900 USD = 89,465.00 EGP. Yesterday's rate 30.8500. Public spending is on the line as the state's debt grows amid the war in Ukraine. [1/2]An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. List of user support cookies: LiveChat. (Reporting by Mahmoud Salama, Patrick Werr and Aidan Lewis; Editing by Jan Harvey). Apr 17, 2023, 01:35 UTC - Apr 17, 2023, 01:35 UTC EGP/USD close: 0 low: 0 high: 0. 2010-2023 The Economy Forecast Agency. The Egyptian pound weakened to a shocking rate of 13 against the U.S. dollar on the black market on Tuesday, at least 42 percent weaker than the Central Bank's official rate of 8.78. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 2000 USD = 61,700.00 EGP2100 USD = 64,785.00 EGP. Today's EGP-USD Commentary. USD to EGP forecast on Thursday, May, 18: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. The currency symbol is . Dollar to Chilean Peso forecast on Monday, May, 15: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. A central bank auction of dollars was being held . 930 USD = 28,690.50 EGP. 360 USD = 11,106.00 EGP. 14800 USD = 456,580.00 EGP. 9600 USD = 296,160.00 EGP. 28 USD = 863.80 EGP. If you choose to Reject all, we will not use cookies for these additional purposes. Dollar to Chilean Peso forecast on Wednesday, May, 17: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. Black market boom since 1967. 5 USD 153.86872 EGP. 170 USD = 5,244.50 EGP. US Dollar 30.8380 30.9357 . 9500 USD = 293,075.00 EGP. Today's range: 30.7500-30.9499. Al-Monitor.com is a trusted and award-winning independent source of Middle East news and analysis, founded in 2012. 100 USD = 3,085.00 EGP110 USD = 3,393.50 EGP. 12500 USD = 385,625.00 EGP. 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. Region has its effects too. All premium Industry Newsletters - Monitor the Middle East's most important industries. Our website uses cookies to provide you with the best user experience and to deliver tailored ads. 15 USD = 462.75 EGP. Intimate in-person access to policy and business VIPs. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 6000 USD = 185,100.00 EGP6100 USD = 188,185.00 EGP. 940 USD = 28,999.00 EGP. 12000 USD = 370,200.00 EGP12100 USD = 373,285.00 EGP. 2600 USD = 80,210.00 EGP. Xe Rate Alerts. Stay informed anytime, anywhere! Street level vendors were buying dollars for around 30 pounds. A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. Most dollar exchange operations happen on the streets and on social media, as importers and those needing greenbacks for travel or to pay study fees seek to obtain them outside of the banking system. Amazon has been one of the best long-term investments of the past two decades. Gap Shrinks Between Egypt's Official, Black Market Dollar Prices - Traders, FILE PHOTO: An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. 80 USD = 2,468.00 EGP81 USD = 2,498.85 EGP. Self-driving car tech is still in its relative infancy, and these stocks are plays on the industry's future. 190 USD = 5,861.50 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. For now, Egypts latest policy moves may have also failed to restore confidence in the currency, a key ingredient to close the loop between deteriorating FX and inflation expectations, the Goldman analysts said. it also depends on the amount of money you have for exchange. 6800 USD = 209,780.00 EGP. Her passion for art has led her to be the first recipient of the Liu Shiming Endowed Scholarship. However, one of the traders said there was still uncertainty in the market following the central bank's decision. Data-driven analysis of latest market trends. The central bank has said the rule will be gradually phased out by December. Money market funds offer a good blend of low volatility and decent yields right now. The dollars in Egypt's coffers came under intense pressureafter the eruption of Russia's war on Ukraine, which caused international cereal and legume prices to rise, thus forcing Egypt, among the world's largest wheat importers, to pay more for its imports. 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. 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. 82 USD = 2,529.70 EGP. Tap Add to homescreen, then Add. We look at the craftsmanship of high end products from African American-owned companies and Black creators. REUTERS/Mohamed Abd El GhanyReuters. Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. The central bank sold $38.6m to banks with a cut-off . 12800 USD = 394,880.00 EGP. 840 USD = 25,914.00 EGP. The answers to all your questions, from what dividends are to how to find the best dividend stocks. Egypt and the IMF announced the package at the staff level on Oct. 27. 11800 USD = 364,030.00 EGP. 11900 USD = 367,115.00 EGP. 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. 13500 USD = 416,475.00 EGP. 560 USD = 17,276.00 EGP. Egypt has been facing a shortage of foreign currency since the beginning of the conflict in Ukraine. The 3-dots icon at the top right to reduce the diplomatic corps budget... Has said the rule will be gradually phased out by December of low volatility and decent yields right.... On Africa for professionals EGP10100 USD = 188,185.00 EGP, minimum 30.39 first recipient of past! 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