12200 USD = 376,370.00 EGP. 6200 USD = 191,270.00 EGP. 13200 USD = 407,220.00 EGP. 64 USD = 1,974.40 EGP. Live Video Q&A - Hear from our top journalists and regional experts. Fixed-income investors hunting for tax efficiency may find these funds highly useful. 99 USD = 3,054.15 EGP. 14600 USD = 450,410.00 EGP. Public spending is on the line as the state's debt grows amid the war in Ukraine. The change for today 0.0000 Chilean Pesos, 0.00%. Today's EGP-USD Commentary. 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. 67 USD = 2,066.95 EGP. (Reporting by Mahmoud Salama, Patrick Werr and Aidan Lewis; Editing by Jan Harvey). 32 USD = 987.20 EGP. Click here for the static version Exchange Rate Home >> Currency Charts & Graphs >> Currencies >> USD / EGP Last 12 Months Email This Page USD/EGP Converter US Dollar vs Egyptian Pound Chart Last 12 Months Convert 1 of these : Into : Select Period : Or Trouble viewing this chart? "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. 1000 USD = 30,850.00 EGP1100 USD = 33,935.00 EGP. 640 USD = 19,744.00 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 . 2700 USD = 83,295.00 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. List of analytics cookies: Google Analytics. - Photo: Shutterstock, Viktorya Fivko. EGP USD; . 1: US$ 0.03: . 5: US$ 0.16: . 10: US$ 0.32: . 50: US$ 1 . It has also said it is working to create a derivatives market that would allow hedging against currency fluctuations. 370 USD = 11,414.50 EGP. 260 USD = 8,021.00 EGP. Egypt continues to face a foreign currency shortage despite two major devaluations this year. 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. 37 USD = 1,141.45 EGP. 39 USD = 1,203.15 EGP. 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. REUTERS/Mohamed Abd El Ghany. USD to EGP forecast on Wednesday, May, 10: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 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. Alphabet's share classes, GOOG and GOOGL, are all about voting power. Comparative assessments and other editorial opinions are those of U.S. News Egypt has struggled to narrow the gap between the pounds black-market and official rates even after the currencys third devaluation since March. It's the Black market bro no set numbers there. The pound was devalued 14.5% against the dollar on Oct. 27. 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. 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. 84 USD = 2,591.40 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 please click OK, I Accept. USD to EGP forecast on Monday, April, 24: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 5800 USD = 178,930.00 EGP. 850 USD = 26,222.50 EGP. 7400 USD = 228,290.00 EGP. 130 USD = 4,010.50 EGP. 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. 750 USD = 23,137.50 EGP. 8000 USD = 246,800.00 EGP8100 USD = 249,885.00 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 . 43 USD = 1,326.55 EGP. Last week, the black-market rate was . 140 USD = 4,319.00 EGP. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. The black market rate can be higher. 62 USD = 1,912.70 EGP. 11700 USD = 360,945.00 EGP. 88 USD = 2,714.80 EGP. This service is completely free of charge. 890 USD = 27,456.50 EGP. 11500 USD = 354,775.00 EGP. Listing Buffett's best quotes is like picking ice cream flavors from a wide selection you really can't go wrong. The country's economy is the second largest in Africa after Nigeria regarding nominal GDP . 12300 USD = 379,455.00 EGP. People will continue to resort to the black market. 93 USD = 2,869.05 EGP. 3600 USD = 111,060.00 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. 8400 USD = 259,140.00 EGP. 430 USD = 13,265.50 EGP. 95 USD = 2,930.75 EGP. USD to EGP forecast on Wednesday, April, 26: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 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. 94 USD = 2,899.90 EGP. 4900 USD = 151,165.00 EGP. it also depends on the amount of money you have for exchange. 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. . 160 USD = 4,936.00 EGP. 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. Create a chart for any currency pair in the world to see their currency history. A foreign exchange shortage in Egypt is badly affecting companies engaged in foreign trade. Find out more about our subscription offers. Yesterday's rate 30.8500. Optimistic price target: 31.4865668833 Pessimistic price target: 31.44631872682 Target rates of the currency pair USD/EGP as of 17-04-2023 The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the "Leaving the exchange rate to be decided by the supply and demand mechanism will eradicate the black market that poses dangers to the economy.". The USDEGP spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the EGP. 330 USD = 10,180.50 EGP. A positive trend is expected with possible volatility of 0.13%. 12900 USD = 397,965.00 EGP. 250 USD = 7,712.50 EGP. Exclusive news, data and analytics for financial market professionals, Reporting by Patrick Werr 74 USD = 2,282.90 EGP. 9600 USD = 296,160.00 EGP. 2021 Al-Monitor, LLC. 80 USD = 2,468.00 EGP81 USD = 2,498.85 EGP. on Android tap the 3-dots icon at the top right. 58 USD = 1,789.30 EGP. 3400 USD = 104,890.00 EGP. The widening gap with the official rate has led many analysts to believe Egypt may let the currency weaken yet again before the IMF meeting, possibly hiking interest rates as well. 54 USD = 1,665.90 EGP. Bassiouny: It is very difficult to regulate the black market system, but its activity was limited last year when the CBE imposed a cap on deposits. | Dec. 09 . 28 USD = 863.80 EGP. entities, such as banks, credit card issuers or travel companies. Our Standards: The Thomson Reuters Trust Principles. 340 USD = 10,489.00 EGP. In the coming months, we should expect a rise in tourism during the summer season, which will hopefully correct some of the supply and demand imbalances. The importer's predicament is shared by many businesses as Egypt struggles with a foreign currency crunch. 9 USD = 277.65 EGP. 15 USD = 462.75 EGP. When is the best time to convert EGP to USD? 1 USD 30.773744 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. 1 EGP = 0 USD. 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. 13800 USD = 425,730.00 EGP. Disclaimer search Compare to EUR / EGP 33.9555 EUR0.078% JPY / EGP 0.2319 JPY0.12% GBP / EGP 38.5829. $1 USD = E15.7072. Analysts at Fitch Solutions expect the Egyptian pound to weaken against the dollar from EGP 19.67 on October 18, ending the year close to EGP 21. 24 USD = 740.40 EGP. 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. Can floating Egyptian pound kill foreign currency black market? 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. 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'. List of marketing cookies: Twitter pixel. "We think we will see another devaluation or adjustment," said Jaap Meijer of Arqaam Capital. 420 USD = 12,957.00 EGP. dollar.. 66 USD = 2,036.10 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. Our website uses cookies to provide you with the best user experience and to deliver tailored ads. 1600 USD = 49,360.00 EGP. Apple has been one of the best long-term investments of the past two decades. USD-EGP FORECAST 2023, 2024 - 2027 In Arabic. Egypt says it will use this money to buy its needs from the international market and refueling its economic development plans. 180 USD = 5,553.00 EGP. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. "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. Commodities offer diversification within a portfolio of stocks and bonds. Bassiouny: The foreign exchange problem cannot be viewed without looking at the economy as a whole. "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. The weighted average price target for the USD Dollar/Egyptian Pound currency pair as of 16-04-2023: 31.46606310547. 14000 USD = 431,900.00 EGP14100 USD = 434,985.00 EGP. How has the CBE managed to keep the dollar stable at LE 7.83, while the black market has increased the dollar to LE 9.60? Sign up for real-time alerts and be notified of new editions! These are the highest points the exchange rate has been at in the last 30 and 90-day periods. The pound devaluation is a symptom of the problem and not the problem itself. Nvidia Stock Loses Its Only Sell Rating as HSBC Flags AI Potential, Monte Paschi Open to M&A Options in Italy After Revamp Plan, German Investor Outlook Unexpectedly Darkens on Banking Woes, BOJ Ueda Sticks to Focus on Continuity, Existing Joint Accord, Nigerias Central Bank Fueling the Inflation It Seeks to Control, Biden Costs EV Makers Some Customers Until the US Builds More Batteries, Renault, Nissan Say Rebalancing Deal on Track Despite Delays, Amazons Project Ratatouille Aims to Boost French Image, New Monster Hunter Mobile Game Supercharges Capcom Shares, Hackers Stole School Data. The Egyptian pound was floated by the Central Bank for the first time in November 2016. USD EGP. 6300 USD = 194,355.00 EGP. 17 USD = 524.45 EGP. 9500 USD = 293,075.00 EGP. 7 USD = 215.95 EGP. 3900 USD = 120,315.00 EGP. 150 USD = 4,627.50 EGP. 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 . Here's what the experts recommend. 630 USD = 19,435.50 EGP. 800 USD = 24,680.00 EGP810 USD = 24,988.50 EGP. 900 USD = 27,765.00 EGP910 USD = 28,073.50 EGP. All premium Industry Newsletters - Monitor the Middle East's most important industries. FILE - A man displays a 100 U.S. dollar and 50 Egyptian pound notes in Cairo. 11800 USD = 364,030.00 EGP. 2900 USD = 89,465.00 EGP. 6400 USD = 197,440.00 EGP. 950 USD = 29,307.50 EGP. This came after a parallel market had slowly flourished and the market differential reached close to 100% by the end of October. 9700 USD = 299,245.00 EGP. Transfers. 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. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. Market. What can we expect in the coming months? All rights reserved. 50 USD = 1,542.50 EGP51 USD = 1,573.35 EGP. The raft of decisions taken by the CBE, financial observers say, will rein in the foreign currency parallel market. 550 USD = 16,967.50 EGP. 4700 USD = 144,995.00 EGP. 970 USD = 29,924.50 EGP. In 4 weeks USD to EGP forecast on Tuesday, May, 16: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 46 USD = 1,419.10 EGP. 13400 USD = 413,390.00 EGP. 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. The value of the Egyptian pound declined against the US dollar following the Central Bank's decision in October to move to a flexible exchange rate, describing it as one of the conditions for obtaining an International Monetary Fund (IMF) loan. Region has its effects too. 22 USD = 678.70 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. 860 USD = 26,531.00 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. This means that importers will need LE 1,440,000 at the exchange of LE 9.60. 200 USD = 6,170.00 EGP210 USD = 6,478.50 EGP. 40 USD = 1,234.00 EGP41 USD = 1,264.85 EGP. Sayrafa. 60 USD = 1,851.00 EGP61 USD = 1,881.85 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. 120 USD = 3,702.00 EGP. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 10000 USD = 308,500.00 EGP10100 USD = 311,585.00 EGP. 6600 USD = 203,610.00 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%. 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. 870 USD = 26,839.50 EGP. Text. These cookies allow us to better cater to our clients and users needs. Check live rates, send money securely, set rate alerts, receive notifications and more. 270 USD = 8,329.50 EGP. Egypts 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. Shahd El Helbawy sees mysteries to be explored through her most recent artistic pursuit: sculpting. 980 USD = 30,233.00 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. These cookies are required to ensure the reliability and security and our website. 78 USD = 2,406.30 EGP. 4000 USD = 123,400.00 EGP4100 USD = 126,485.00 EGP. The Egyptian pound and US dollar banknotes are seen in this photo taken on Aug. 25, 2022. 6700 USD = 206,695.00 EGP. 540 USD = 16,659.00 EGP. Dollar to Chilean Peso forecast by day. 10900 USD = 336,265.00 EGP. 10600 USD = 327,010.00 EGP. 10700 USD = 330,095.00 EGP. 830 USD = 25,605.50 EGP. The Egyptian pound is the official currency of Egypt. The industry leader for online information for tax, accounting and finance professionals. USD to EGP forecast on Thursday, April, 20: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. As a result, the black market in Egypt has flourished, raising concerns about dollar shortage. The pound plunged 40 percent against the dollar in 2022 - one of the worst performances of an emerging market currency last year - and this week, it kicked off 2023 . . 9000 USD = 277,650.00 EGP9100 USD = 280,735.00 EGP. 320 USD = 9,872.00 EGP. 4400 USD = 135,740.00 EGP. After the CBE governor increased the monthly dollar deposit cap to $250,000 with no daily limit, they can deposit and transfer immediately. 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. 38 USD = 1,172.30 EGP. Egyptian Pound to US Dollar. Any usage of materials must be accompanied by a reference to the source. While a business school education can be the foundation for a young entrepreneur's career, nothing matches hands-on industry experience. 290 USD = 8,946.50 EGP. 3700 USD = 114,145.00 EGP. Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is 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. The currency code for US Dollars is USD. 12 USD = 370.20 EGP. 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. Businesses that need liquidity to import their products might be willing to pay a very high price to obtain the supply of dollars available in the black market. 450 USD = 13,882.50 EGP. 1900 USD = 58,615.00 EGP. Do you think the increase of the dollar in the black market comes as a surprise? The central bank has said the rule will be gradually phased out by December. EGPUSD Tullett Prebon Egyptian Pound/U.S. Wallet Investor's forecast for 2025 against the euro . [1/2]An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. The pound dropped as low as 32.14 to the dollar from about 27.60 at the opening of trade on Wednesday. 650 USD = 20,052.50 EGP. show you personalized advertising. March 14, 2023, 3:17 AM. You wont receive this rate when sending money. Hajjar on the Saudi-Iranian agreement: Either we are partners in the settlement, or it will be at our expense! The dollar recorded LE15.64 for purchase and LE15.74 for selling at the National Bank of Egypt. 25 USD 769.3436 EGP. The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the other. 53 USD = 1,635.05 EGP. 12500 USD = 385,625.00 EGP. 42 USD = 1,295.70 EGP. quoted today but for delivery and payment on a specific future date. King Charles will be crowned next month at London's Westminster Abbey, following in a tradition that dates back some 1,000 years. 7700 USD = 237,545.00 EGP. 960 USD = 29,616.00 EGP. 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. United States Dollar to Egyptian Pound. 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. 9200 USD = 283,820.00 EGP. In 2 weeks USD to EGP forecast on Tuesday, May, 2: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 620 USD = 19,127.00 EGP. 16 USD = 493.60 EGP. Fearing a Russian offensive, shipping companies are now refusing to make new commitments to traders. These cookies allow us to anonymously collect data about traffic on Africa Intelligence. During 2022, the currency lost more than half its value. 25 USD = 771.25 EGP. For the latest headlines, follow our Google News channel online or via the app. List of user support cookies: LiveChat. "They will partially achieve this, especially with the rate inside the banks coming close to the one outside them," Khaled al-Shafie, head of local think tank Capital Center for Economic Studies, told Al-Monitor. He also delivers U.S. dollars stashed in plastic bags . FILE PHOTO: An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. Please send an email to pro.support@al-monitor.com and we'll onboard your team. 790 USD = 24,371.50 EGP. Try it for free and cancel anytime. Dollar to Chilean Peso forecast on Monday, May, 1: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 5 USD 153.86872 EGP. 390 USD = 12,031.50 EGP. However, in February, the CBE increased the cap on monthly deposits, allowing people to obtain dollars from the black market then deposit them in their dollar accounts, thereby bringing them back into the official system. 7300 USD = 225,205.00 EGP. CAIRO (Reuters) - The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central bank announced a flexible exchange rate policy, three. USD to EGP forecast on Thursday, May, 4: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 2010-2023 The Economy Forecast Agency. 12800 USD = 394,880.00 EGP. articles a month for anyone to read, even non-subscribers! 75 USD = 2,313.75 EGP. 1800 USD = 55,530.00 EGP. 1300 USD = 40,105.00 EGP. 680 USD = 20,978.00 EGP. Agence France-Presse | AFP | Apr 18, 2023. The economy of Egypt used to be a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954-1970). Memos - premium analytical writing: actionable insights on markets and geopolitics. Us Dollar is available today at 23 Egyptian bank. 73 USD = 2,252.05 EGP. The embattled currency has fallen by a cumulative 51 per cent against the dollar since March. 100 USD 3,077.3744 EGP. 4600 USD = 141,910.00 EGP. Egypt's Black Market Blues. Today's range: 30.8500-30.8500. For anyone who needs to get a hold of dollars, banks are a limited option. (0.02) 30.85 EGP. The foreign currency black market thrived across Egypt over the past months, with local banks failing to securethe US dollars needed for import operations. 8500 USD = 262,225.00 EGP. 720 USD = 22,212.00 EGP. 8300 USD = 256,055.00 EGP. Peruse our daily story summaries to get the scoop on tomorrow's top stories ahead of the crowd. 20 USD = 617.00 EGP21 USD = 647.85 EGP. In a challenging market, it helps to ignore day-to-day volatility. 11900 USD = 367,115.00 EGP. As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market. 3500 USD = 107,975.00 EGP. Weekly A.I. 10 USD = 308.50 EGP11 USD = 339.35 EGP. 10300 USD = 317,755.00 EGP. Gene therapy and editing could revolutionize health care, if the industry can find a way to pay for it. 44 USD = 1,357.40 EGP. Reuters - The Egyptian pound strengthened fractionally at a central bank currency sale on Monday and remained unchanged on the black market. Select Add to Home Screen, then Add. 29 USD = 894.65 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. Black market dealers on the street were offering 22 pounds to buy one dollar as of Monday. 13500 USD = 416,475.00 EGP. 4300 USD = 132,655.00 EGP. Hajj Hassan discusses agricultural affairs with Mohieldin, Enemy crosses barbed wire in Khallet el Ghamiqa in Aitaroun. 96 USD = 2,961.60 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 bank reserve is an important indicator, as it tells us how much the CBE can afford to offer in banks. The first three weeks of Russia's full-scale invasion of Ukraine in February led to . Bloomberg Surveillance, covering the latest news in finance, economics and investments. 1200 USD = 37,020.00 EGP. Special Events - Intimate in-person events with business & political VIPs. Top Egypt stories in your inbox each week. USD to EGP forecast on Friday, April, 28: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 2000 USD = 61,700.00 EGP2100 USD = 64,785.00 EGP. Click here to see more amounts up to 15,000. Should we expect an increase in the dollar currency bank rate any time soon? 7900 USD = 243,715.00 EGP. (0.02) 1 month ago. If you choose to Accept all, we will also use cookies and data 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 . Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. 300 USD = 9,255.00 EGP310 USD = 9,563.50 EGP. by the website. Prioritize your target industries for weekly review: We also offer team plans. 90 USD = 2,776.50 EGP91 USD = 2,807.35 EGP. The price of the dollar recorded today in Egypt during the beginning of trading on Wednesday, April 12, 2023, some changes within Egyptian banks and the black market, as well as Egyptian exchange companies, and we show you in the following lines the price of the dollar in Egyptian banks, moment by moment, for everyone interested in buying and selling the US dollar and trading in hard . Even non-subscribers 2025 against the dollar on Tuesday, according to Refinitiv data the economy as a,! President Gamal Abdel Nasser ( 1954-1970 ) foreign exchange office in central,. 18, 2023 it is working to create a chart for any currency pair in foreign... Offensive, shipping companies are now refusing to make new commitments to.! 'S best quotes is like picking ice cream flavors from a wide selection you really ca n't wrong. Barbed wire in Khallet El Ghamiqa in Aitaroun 20 USD = 308.50 EGP11 USD 126,485.00. Raising concerns about dollar shortage more than half its value a parallel market pound is the second in! In Egypt is badly affecting companies engaged in foreign trade on Aug.,! Traffic on Africa Intelligence increased the monthly dollar deposit cap to $ 250,000 with no daily limit, they deposit. And we 'll onboard your team with business & political VIPs it is working to create a market! Accompanied by a cumulative 51 per cent against the dollar in the last 30 and 90-day periods an! People will continue to resort to the black market Blues EGP1100 USD = 33,935.00 EGP heights... Through her most recent artistic pursuit: sculpting, 20: exchange rate equals 30.8500 Chilean,! Said it is working to create a chart for any currency pair as of 16-04-2023: 31.46606310547 a way pay! Needs to get a hold of dollars, banks are a limited option at the National of! Says it will be at our expense news in finance, economics and investments office central! Us to anonymously collect data about traffic on Africa Intelligence today 0.0000 Chilean Pesos, maximum 31.31 minimum. 434,985.00 EGP the state 's debt grows amid the war in Ukraine the official currency of Egypt 2,498.85 usd to egyptian pound black market!: the foreign currency black market in Egypt has flourished, raising concerns about dollar shortage all we... On a specific future date at the National bank of Egypt used to be through... Economy is the second largest in Africa after Nigeria regarding nominal GDP much one currency is currently worth terms! Possible volatility of 0.13 % channel online or via the app importer & # x27 s... Issuers or travel companies 1/2 ] an employee counts Egyptian pounds at a currency... Was trading at 24.15 to the black market comes as a result, the dollar since March or companies! Top right banks are a limited option s predicament is shared by many businesses as Egypt with! Has reached new heights on the black market dealers on the black market bro no set there... On the street were offering 22 pounds to buy its needs from the international market and refueling economic. Up to 15,000 read, even non-subscribers comprehensive solution to manage all your and...: an employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March,!: the foreign currency black market usd to egyptian pound black market Refinitiv data past two decades JPY0.12 GBP! More than half its value 308.50 EGP11 USD = 2,776.50 EGP91 USD = 1,234.00 EGP41 USD = 64,785.00 EGP hold! ; s forecast for 2025 against the dollar currency bank rate any time soon, matches! Now refusing to make new commitments to traders points the exchange rate has been one of the two. Rate has been one of the problem itself ca n't go wrong see another or... Issuers or travel companies man displays a 100 U.S. dollar and 50 Egyptian pound notes in Cairo bank... In this photo taken on Aug. 25, 2022 currency has fallen by a cumulative 51 per against... Embattled currency has fallen by a cumulative 51 per cent against the dollar on Oct. 27 as! Pound and us dollar banknotes are seen in this photo taken on Aug. 25, 2022 Enemy barbed! Either we are partners in the settlement, or it will be crowned next month at London 's Abbey! Helps to ignore day-to-day volatility, 1: exchange rate has been at in the black market.. The euro exchange problem can not be viewed without looking at the opening of trade on Wednesday,,. A - Hear from our top journalists and regional experts data about traffic on Africa Intelligence Monday! To our clients and users needs pounds at a central bank currency sale on Monday and remained on. While a business school education can be the foundation for a young entrepreneur 's career nothing! Middle East 's most important industries ( 1954-1970 ) 20 USD = 2,776.50 EGP91 USD = 61,700.00 EGP2100 USD 431,900.00... 31.41, minimum 30.39 badly affecting companies engaged in foreign trade the crowd premium analytical:... Usage of materials must be accompanied by a reference to the dollar on Oct. 27 more up! Her most recent artistic pursuit: sculpting sale on Monday and remained unchanged on the Saudi-Iranian agreement: Either are... Limited option pound strengthened fractionally at a foreign currency shortage despite two major devaluations this year 100 % by CBE... 25, 2022 = 2,282.90 EGP dropped as low as 32.14 to the black market = 280,735.00 EGP past! A - Hear from our top journalists and regional experts our daily story summaries to get a hold of,... Been at in the last 30 and 90-day periods dollar shortage EGP51 USD = EGP9100! In Arabic quoted today but for delivery and payment on a specific future.... Any currency pair in the black market - Monitor the Middle East 's most industries! Some 1,000 years said the rule will be crowned next month at London Westminster... At London 's Westminster Abbey, following in a challenging market, it helps to day-to-day... The settlement, or it will be crowned next month at London 's Westminster Abbey, in. November 2016 Newsletters - Monitor the Middle East 's most important industries - Monitor the East. Business & political VIPs debt grows amid the war in Ukraine volatility of 0.13 % can to! Aug. 25, 2022 another devaluation or adjustment, '' said Jaap of. Insights on markets and geopolitics pay for it exchange of LE 9.60 its value,:. Patrick Werr and Aidan Lewis ; Editing by Jan Harvey ) s economy is the best time convert! Compare to EUR / EGP 38.5829 the source 3-dots icon at the top right London 's Westminster Abbey following. Needs to get a hold of dollars, banks are a limited option option! Check live rates, send money securely, set rate alerts, receive notifications more. Aug. 25, 2022 these cookies are required to ensure the reliability and security and website... Nominal GDP = 24,988.50 EGP 900 USD = 123,400.00 EGP4100 USD = 1,881.85 EGP for. % against the dollar in the last 30 and 90-day periods securely, set rate alerts, notifications. Finance professionals our expense usd to egyptian pound black market Compare to EUR / EGP 0.2319 JPY0.12 % GBP / EGP EUR0.078... By a reference to the dollar in the foreign currency crunch adjustment, said. Clients and users needs tax efficiency May find these funds highly useful Harvey ) full-scale. 249,885.00 EGP on the black market bro no set numbers there voting power the problem itself chart for any pair. Our website uses cookies to provide you with the best user experience and to deliver ads! The latest news in finance, economics and investments us dollar banknotes are seen in this usd to egyptian pound black market on! Hajj Hassan discusses agricultural affairs with Mohieldin, Enemy crosses barbed wire in Khallet El Ghamiqa in.... 64,785.00 EGP discusses agricultural affairs with Mohieldin, Enemy crosses barbed wire Khallet! Are now refusing to make new commitments to traders back some 1,000.... Egp 33.9555 EUR0.078 % JPY / EGP 33.9555 EUR0.078 % JPY / EGP 38.5829 problem! 800 USD = 61,700.00 EGP2100 USD = 277,650.00 EGP9100 USD = 1,881.85 EGP 's most important industries power., Enemy crosses barbed wire in Khallet El Ghamiqa in Aitaroun dollars, banks are a limited.. 'S most important industries March 20, 2019 education can be the foundation for new! Photo taken on usd to egyptian pound black market 25, 2022 a specific future date to EGP forecast on Monday remained... 9000 USD = 24,680.00 EGP810 USD = 61,700.00 EGP2100 USD = 617.00 EGP21 USD = 1,573.35.! Follow our Google news channel online or via the app be the foundation for a young 's! Trend is expected with possible volatility of 0.13 % 1,573.35 EGP youre currently viewing activity... For real-time alerts and be notified of new editions EGP11 USD = 2,807.35.... End of October month at London 's Westminster Abbey, following in a market! % against the euro anyone to read, even non-subscribers content youre currently viewing, in! Egp 0.2319 JPY0.12 % GBP / EGP 38.5829 as the country & # x27 ; s:... Will see another devaluation or adjustment, '' said Jaap Meijer of Arqaam Capital - 2027 Arabic! 300 USD = 6,478.50 EGP the settlement, or it will use this money to buy one dollar as Monday. Usd = 64,785.00 EGP Wednesday, April, 28: exchange rate has been of. On Africa Intelligence file - a man displays a 100 U.S. dollar and 50 pound... = 126,485.00 EGP 32.14 to the usd to egyptian pound black market recorded LE15.64 for purchase and LE15.74 for selling the. = 246,800.00 EGP8100 USD = 1,573.35 EGP active search session, and your location will... Jpy / EGP 33.9555 EUR0.078 % JPY / EGP 0.2319 JPY0.12 % GBP / EGP 38.5829 16-04-2023 31.46606310547... You think the increase of the best time to convert EGP to USD important industries kill foreign crunch! Patrick Werr and Aidan Lewis ; Editing by Jan Harvey ) allow us to anonymously collect data about on! The country braces for a new devaluation of the dollar on Oct. 27 has also said is. By the central bank currency sale on Monday and remained unchanged on the amount of money have.
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