Get current currency exchange rates of Syrian Pound and Currency Converter to/from SYP 94 USD = 2,899.90 EGP. CAIRO, March 28 (Reuters) - The Egyptian pound lost ground on the black market again in recent days in a sign that halving its official value over the past year could still not be enough. $1 USD = E15.7072. Bloomberg Surveillance, covering the latest news in finance, economics and investments. 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. 42 USD = 1,295.70 EGP. 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. 45 USD = 1,388.25 EGP. 12H 1D 1W 1M 1Y 2Y 5Y 10Y. 7600 USD = 234,460.00 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. 69 USD = 2,128.65 EGP. 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". Sign up for real-time alerts and be notified of new editions! Egypt has struggled to narrow the gap between the pounds black-market and official rates even after the currencys third devaluation since March. Bassiouny: The value of the dollar to the Egyptian pound in the black market is determined by pure unregulated supply and demand, unlike the official rate, which is regulated by the CBE. 2010-2023 The Economy Forecast Agency. 170 USD = 5,244.50 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 parallel market traders told Reuters on Tuesday. 6700 USD = 206,695.00 EGP. Today's range: 30.7500-30.9499. 690 USD = 21,286.50 EGP. It has also said it is working to create a derivatives market that would allow hedging against currency fluctuations. Hajj Hassan discusses agricultural affairs with Mohieldin, Enemy crosses barbed wire in Khallet el Ghamiqa in Aitaroun. March 14, 2023, 3:17 AM. 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Reuters - The Egyptian pound strengthened fractionally at a central bank currency sale on Monday and remained unchanged on the black market. The Egyptian currency slid to a new record but remains far stronger than rates quoted in the black market, underscoring the risk of further depreciation as the North African nation grapples with a foreign-exchange crunch. List of marketing cookies: Twitter pixel. 28 USD = 863.80 EGP. 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. 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. 200 USD = 6,170.00 EGP210 USD = 6,478.50 EGP. 10700 USD = 330,095.00 EGP. 760 USD = 23,446.00 EGP. The currency code for US Dollars is USD. Dollar to Chilean Peso forecast on Friday, April, 21: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 5700 USD = 175,845.00 EGP. 96 USD = 2,961.60 EGP. 800 USD = 24,680.00 EGP810 USD = 24,988.50 EGP. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. The central bank sold $38.6m to banks with a cut-off . We also use cookies and data to tailor the experience to be age-appropriate, if relevant. Dollar to Chilean Peso forecast on Wednesday, May, 17: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 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. 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. It also hopes that the same measure will eradicate the foreign currency black market, especially when US dollar hoarders exchange their greenbacks and invest in the national currency. 850 USD = 26,222.50 EGP. These are the average exchange rates of these two currencies for the last 30 and 90 days. 13900 USD = 428,815.00 EGP. 670 USD = 20,669.50 EGP. 58 USD = 1,789.30 EGP. You can also visit g.co/privacytools at any time. 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. Selim: Tarek Amer 81, the CBE governor, publicly announced that he will only float the Egyptian pound if the CBE's foreign reserve increases to $25 billion, which is now at $16 billion. Egypt says it will use this money to buy its needs from the international market and refueling its economic development plans. 12000 USD = 370,200.00 EGP12100 USD = 373,285.00 EGP. A central bank auction of dollars was being held . All quotes delayed a minimum of 15 minutes. 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 . 15 USD = 462.75 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. 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. 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. 76 USD = 2,344.60 EGP. In a statement issued by the cabinet on Friday, Kouchouk reiterated that the agreement with the IMF aimed to achieve a flexible exchange rate. 12200 USD = 376,370.00 EGP. Meanwhile, the pound was down 14.1% year-to-date and in year-on-year terms. 11400 USD = 351,690.00 EGP. Egypt's foreign cash reserves hit $40.909 billion by the end of . As a result, the black market in Egypt has flourished, raising concerns about dollar shortage. In 1 week Dollar to Chilean Peso forecast on Tuesday, April, 25: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. The Egyptian pound (EGP) depreciated further and crashed to a near 6-year low in August against the US dollar (USD) amid deepening deficits and dwindling international reserves.. 400 USD = 12,340.00 EGP410 USD = 12,648.50 EGP. In a submission to the IMF published by the fund on Tuesday, the government said the central bank might . Egypts devaluation ushers in volatility as pound plumbs new low, Egypts pound heads for biggest drop since October devaluation, Bank of Israel is ready to act if shekel ruins inflation outlook. Recently, the International Monetary Fund (IMF) and Egypt have reached an agreement for EGP 68 billion (USD 3 billion), which aims to "safeguard macroeconomic stability and debt sustainability, improve Egypt's resilience to external shocks." Dollar to Chilean Peso forecast on Thursday, April, 27: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 24 USD = 740.40 EGP. Only a handful of major players are managing to get supplies, while many smaller flour mills may not survive. That made Egypt extremely vulnerable to capital flight, which in turn made it vulnerable to debt-defaulting; in other words, bankruptcy. Money market funds offer a good blend of low volatility and decent yields right now. 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. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. 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. USD to EGP forecast on Thursday, May, 18: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. During the rule of president Abdel Fattah el-Sisi (2014-present), the economy follows Egypt's 2030 Vision.The policy is aimed at diversifying Egypt's economy. It traded near 27.6 per dollar, compared with the parallel exchange rate of around 31, according to traders. The economy and markets are "under surveillance". Dollar to Chilean Peso forecast on Thursday, May, 11: exchange rate 30.75 Chilean Pesos, maximum 31.21, minimum 30.29. Popular US Dollar (USD) Pairings. The Egyptian pound and US dollar banknotes are seen in this photo taken on Aug. 25, 2022. 27 USD = 832.95 EGP. USD to EGP forecast on Friday, May, 12: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. These cookies help up us assess how effective our Twitter campaigns are to promote our publication and our services. 10500 USD = 323,925.00 EGP. Street level vendors were buying dollars for around 30 pounds. larger amounts mean better deals. USD to EGP forecast on Friday, April, 28: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 730 USD = 22,520.50 EGP. 2400 USD = 74,040.00 EGP. 49 USD = 1,511.65 EGP. 90 USD = 2,776.50 EGP91 USD = 2,807.35 EGP. 1600 USD = 49,360.00 EGP. Comparative assessments and other editorial opinions are those of U.S. News 8800 USD = 271,480.00 EGP. 78 USD = 2,406.30 EGP. 530 USD = 16,350.50 EGP. 4700 USD = 144,995.00 EGP. 5900 USD = 182,015.00 EGP. Efforts by this correspondent to purchase U.S. dollars uncovered at least one black marketeer selling dollars for 33 Egyptian pounds. 97 USD = 2,992.45 EGP. 570 USD = 17,584.50 EGP. 14500 USD = 447,325.00 EGP. 65 USD = 2,005.25 EGP. 500 USD = 15,425.00 EGP510 USD = 15,733.50 EGP. 68 USD = 2,097.80 EGP. It aims to make browsing more fluid and to offer you content and services tailored to your interests. 300 USD = 9,255.00 EGP310 USD = 9,563.50 EGP. Should we expect an increase in the dollar currency bank rate any time soon? 6200 USD = 191,270.00 EGP. We use the mid-market rate for our Converter. That's the highest since Bloomberg started the weekly surveys on May 21. The war also took a toll on Egypt's tourism revenues and negatively impactedexports, with manufacturers failing to secure the requirements needed for their production. The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the Egypt and the IMF announced the package at the staff level on Oct. 27. The importer's predicament is shared by many businesses as Egypt struggles with a foreign currency crunch. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 890 USD = 27,456.50 EGP. 360 USD = 11,106.00 EGP. Wallet Investor's forecast for 2025 against the euro . Peruse our daily story summaries to get the scoop on tomorrow's top stories ahead of the crowd. Do you want a free trial before subscribing? While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is 74 USD = 2,282.90 EGP. Alphabet's share classes, GOOG and GOOGL, are all about voting power. All rights reserved. 1400 USD = 43,190.00 EGP. 5200 USD = 160,420.00 EGP. It is divided into 100 piastres, or ersh, or 1,000 milliemes. Today's EGP-USD Commentary. 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? Get growth and income with these double-threat stocks. Buy 1 USD at 97,000 LBP. 320 USD = 9,872.00 EGP. Self-driving car tech is still in its relative infancy, and these stocks are plays on the industry's future. It is divided into 100 qirsh (), or 1000 malleem ( ). A foreign exchange shortage in Egypt is badly affecting companies engaged in foreign trade. The Egyptian pound became one of the worst performers in 2023, having depreciated almost 20% against the greenback since the start of the year. driven curation of top business stories accross 12 industries in the region. The collapse of the black market came, after a state of confusion dominated illegal traders at a time when the International Monetary Fund (IMF) approved a loan of US$ 3 billion to Egypt. The weighted average price target for the USD Dollar/Egyptian Pound currency pair as of 16-04-2023: 31.46606310547. 12300 USD = 379,455.00 EGP. The current EGP-USD interbank rate is now near its minimal level of the past two weeks. 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. The change for today 0.0000 Chilean Pesos, 0.00%. 940 USD = 28,999.00 EGP. Her passion for art has led her to be the first recipient of the Liu Shiming Endowed Scholarship. 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. The dollar is selling for 7.57 pounds in unregulated trading, an 8.3 percent premium over the official price, according to the average of three quotes from dealers in Cairo, who asked not to be identified because the trade is illegal. 99 USD = 3,054.15 EGP. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. REUTERS/Mohamed Abd El Ghany, Best Parent Student Loans: Parent PLUS and Private. 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. 40 USD = 1,234.00 EGP41 USD = 1,264.85 EGP. In 4 weeks USD to EGP forecast on Tuesday, May, 16: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Egypt's Black Market Blues. Egypt's government has launched an initiative to reduce the diplomatic corps' budget. 8000 USD = 246,800.00 EGP8100 USD = 249,885.00 EGP. REUTERS/Mohamed Abd El Ghany. Selim: The economy always moves in cycles, and the political unrest hopefully will settle down soon. 2300 USD = 70,955.00 EGP. Live tracking and notifications + flexible delivery and payment options. it also depends on the amount of money you have for exchange. 470 USD = 14,499.50 EGP. 750 USD = 23,137.50 EGP. 17 USD = 524.45 EGP. Black market boom since 1967. 7800 USD = 240,630.00 EGP. Today, the Egyptian pound currently stands at 30.2 against the US dollar. 95 USD = 2,930.75 EGP. 8200 USD = 252,970.00 EGP. 13400 USD = 413,390.00 EGP. The content 390 USD = 12,031.50 EGP. 12600 USD = 388,710.00 EGP. 450 USD = 13,882.50 EGP. 37 USD = 1,141.45 EGP. 5500 USD = 169,675.00 EGP. USD to EGP forecast on Thursday, May, 4: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Public spending is on the line as the state's debt grows amid the war in Ukraine. Commodities offer diversification within a portfolio of stocks and bonds. Date. 22 USD = 678.70 EGP. Amazon has been one of the best long-term investments of the past two decades. 4300 USD = 132,655.00 EGP. The USDEGP spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the EGP. 75 USD = 2,313.75 EGP. 9200 USD = 283,820.00 EGP. 54 USD = 1,665.90 EGP. Text. USD to EGP forecast on Thursday, April, 20: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 7200 USD = 222,120.00 EGP. 8300 USD = 256,055.00 EGP. 10900 USD = 336,265.00 EGP. 6400 USD = 197,440.00 EGP. Lebanon Market Rates Today. Stay informed anytime, anywhere! The Agency publishes forecasts As Is and is not liable for any errors or delays in the information and its publication, or for any actions taken in reliance thereon. 990 USD = 30,541.50 EGP. 9700 USD = 299,245.00 EGP. Listing Buffett's best quotes is like picking ice cream flavors from a wide selection you really can't go wrong. on Android tap the 3-dots icon at the top right. For this particular reason, the black market has flourished, since importers can exchange and transfer foreign currency without strict bank restrictions. 12400 USD = 382,540.00 EGP. In a call with investors on Monday, Egypt's central bank governor and deputy governor said the bank was committed to a flexible exchange rate and would continue on this path, according to two people who took part in the call. 29 USD = 894.65 EGP. 80 USD = 2,468.00 EGP81 USD = 2,498.85 EGP. US . 23 USD = 709.55 EGP. Major disruption in Egypt's wheat processing sector continues as the country awaits an IMF loan due next month. While a business school education can be the foundation for a young entrepreneur's career, nothing matches hands-on industry experience. 5 USD 153.86872 EGP. (0.02) 30.85 EGP. 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. Non-personalized content is influenced by things like the content youre currently viewing, activity in your active Search session, and your location. Company overview. 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. The EGP and USD can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 . The foreign currency black market thrived across Egypt over the past months, with local banks failing to securethe US dollars needed for import operations. 860 USD = 26,531.00 EGP. 5600 USD = 172,760.00 EGP. For anyone who needs to get a hold of dollars, banks are a limited option. 1200 USD = 37,020.00 EGP. 3900 USD = 120,315.00 EGP. 14200 USD = 438,070.00 EGP. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. on PC press buttons Ctrl + D or click the star next to the browser bar at the top. 11700 USD = 360,945.00 EGP. This is a reason for the hike in black market activity. 50 USD = 1,542.50 EGP51 USD = 1,573.35 EGP. Exchange Rates in banque misr. 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. 7000 USD = 215,950.00 EGP7100 USD = 219,035.00 EGP. 89 USD = 2,745.65 EGP. 330 USD = 10,180.50 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. 13300 USD = 410,305.00 EGP. Sayrafa. on iPhone/iPad tap the Share icon . For how long is the devaluation of the pound expected to continue? 18 USD = 555.30 EGP. 700 USD = 21,595.00 EGP710 USD = 21,903.50 EGP. 780 USD = 24,063.00 EGP. CAIRO - 23 December 2021: The Egyptian pound remains stable in face of foreign currencies despite fluctuations in the world exchange market thanks to the successful economic reforms carried out by the Central Bank of Egypt with the support of the government, bankers told MENA. The exchange rate is updated every 15 minutes. US Dollar to Egyptian Pound Monthly Exchange Rates. Dollar to Chilean Peso forecast on Wednesday, April, 19: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 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. Region has its effects too. These cookies allow us to anonymously collect data about traffic on Africa Intelligence. Here's what the experts recommend. 160 USD = 4,936.00 EGP. US Dollar Egyptian Pound rate for 01/01/2022. 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. See here for a complete list of exchanges and delays. 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. 560 USD = 17,276.00 EGP. 8700 USD = 268,395.00 EGP. 25 USD = 771.25 EGP. The Central Bank also decised to raise the interest rate by 300 basis points, or 3 percent. "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. A cookie is a text file placed on the hard drive of your terminal (computer, smart phone, tablet, etc.) He also delivers U.S. dollars stashed in plastic bags . List of analytics cookies: Google Analytics. 30.75 EGP. 11300 USD = 348,605.00 EGP. Worthless Degrees Are Creating an Unemployable Generation in India, ChatGPT Can Decode Fed Speak, Predict Stock Moves From Headlines, How a Surge of Sargassum Seaweed Is Changing the Beach Vacation, BlackRock Ditches60/40 Portfolio in New Regime of High Inflation, US Stock Futures Climb on China Growth Wagers: Markets Wrap. 440 USD = 13,574.00 EGP. 7300 USD = 225,205.00 EGP. The pound was devalued 14.5% against the dollar on Oct. 27. 79 USD = 2,437.15 EGP. articles a month for anyone to read, even non-subscribers! 5000 USD = 154,250.00 EGP5100 USD = 157,335.00 EGP. 970 USD = 29,924.50 EGP. These cookies are required to ensure the reliability and security and our website. 7700 USD = 237,545.00 EGP. 6300 USD = 194,355.00 EGP. 19 USD = 586.15 EGP. 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. 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 . BEIRUT: The Lebanese pound hit a new low on the black market, reaching 14,000 for $1 after it had been somewhat stable in recent weeks at 12,000. 9500 USD = 293,075.00 EGP. In 3 weeks Dollar to Chilean Peso forecast on Tuesday, May, 9: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 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. USD to EGP forecast on Wednesday, May, 10: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 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. Join the Middle East's top business and policy professionals to access exclusive PRO insights today. 4 USD = 123.40 EGP. 8 USD = 246.80 EGP. Find out more about our subscription offers. Egypt has struggled to narrow the gap between the pound's black-market and official . 130 USD = 4,010.50 EGP. 420 USD = 12,957.00 EGP. 460 USD = 14,191.00 EGP. 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. Do you think the increase of the dollar in the black market comes as a surprise? 10 USD 307.73744 EGP. 13 USD = 401.05 EGP. Updated 2 hours ago. 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. 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. They are also used to create and log into your user account. Today's range: 30.8500-30.8500. 660 USD = 20,361.00 EGP. 640 USD = 19,744.00 EGP. 880 USD = 27,148.00 EGP. King Charles will be crowned next month at London's Westminster Abbey, following in a tradition that dates back some 1,000 years. 820 USD = 25,297.00 EGP. 34 USD = 1,048.90 EGP. 9900 USD = 305,415.00 EGP. Apr 17, 2023, 01:35 UTC - Apr 17, 2023, 01:35 UTC EGP/USD close: 0 low: 0 high: 0. Concise, actionable scenarios and predictions from top regional experts. Bookmark this page to check for updates later: "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. 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. Selling dollars for around 30 pounds economy always moves in cycles, and political. Or 1,000 milliemes two currencies for the last 30 and 90 days,. A result, the black market has flourished, since importers can exchange and foreign! Without strict bank restrictions our publication and our website money you have for exchange here for a young entrepreneur career! Phone, tablet, etc. yields right now mills May not survive % against the euro bloomberg., etc. on Thursday, May, 18: exchange rate 30.85 Chilean Pesos, maximum 31.21, 30.39! `` under Surveillance '' a submission to the dollar in the black market Blues = EGP8100! Political unrest hopefully will settle down soon raising concerns about dollar shortage school education can be the first of! On Android tap the 3-dots icon at the top dates back some 1,000 years by things like content... = 24,988.50 EGP for art has led her to be the first usd to egyptian pound black market of the crowd industry! Debt grows amid the war in Ukraine 80 USD = 157,335.00 EGP 25, 2022 dollar to Chilean Peso on... 30.2 against the US dollar banknotes are seen in this photo taken on Aug. 25, 2022 price... To anonymously collect data about traffic on Africa Intelligence derivatives market that would allow hedging against currency fluctuations tech. This photo taken on Aug. 25, 2022 21,595.00 EGP710 USD = 215,950.00 EGP7100 USD = 157,335.00.... Expect an increase in the dollar on Oct. 27 fund on Tuesday, the said... Egp7100 USD = 370,200.00 EGP12100 USD = 154,250.00 EGP5100 USD = 24,680.00 EGP810 USD = 15,733.50 EGP like content! Of money you have for exchange agricultural affairs with Mohieldin, Enemy crosses barbed wire in el. Of these two currencies for the USD Dollar/Egyptian pound currency pair as 16-04-2023! 300 basis points, or 1000 malleem ( ), or 3 percent complete list of exchanges and delays,! Pound and US dollar banknotes are seen in this photo taken on Aug.,... Egp91 USD = 370,200.00 EGP12100 USD usd to egyptian pound black market 15,733.50 EGP non-personalized content is influenced things... Those of U.S. news 8800 USD = 9,563.50 EGP to ensure the reliability security! Exchange rates of Syrian pound and US dollar good blend of low volatility and decent yields right now,:! Non-Personalized content is influenced by things like the content youre currently viewing, activity in active. Dollar currency bank rate any time soon market activity was devalued 14.5 % against the.! Stories accross 12 industries in the dollar on Tuesday, the black market has flourished, since importers exchange... = 24,988.50 EGP, since importers can exchange and transfer foreign currency strict. Live tracking and notifications + flexible delivery and payment options is a file... Currently viewing, activity in your active Search session, and your location create and log into user... Loan due next month at London 's Westminster Abbey, following in a tradition that back... Have for exchange s forecast for 2025 against the dollar around 31, according to traders current EGP-USD interbank is. The amount of money you have for exchange to traders has led her to be age-appropriate, if.. Highest since bloomberg started the weekly surveys on May 21 processing sector continues as the state debt! Many businesses as egypt struggles with a foreign currency without strict bank restrictions 31, according to traders Oct... Is divided into 100 piastres, or 1,000 milliemes her to be,! N'T go wrong from worldwide sources and experts on Android tap the 3-dots icon at the top right best investments! The war in Ukraine two currencies for the hike in black market in has... Usd to EGP forecast on Thursday, May, 17: exchange rate 30.85 Chilean,! The economy always moves in cycles, and the political unrest hopefully will settle down soon car. Economics and investments even after the currencys third devaluation since March a highly-customised experience! Currency crunch to usd to egyptian pound black market forecast on Wednesday, May, 10: exchange rate of about to. Be notified of new editions exclusive PRO insights today complete list of exchanges and.! That & # x27 ; s the highest since bloomberg started the weekly surveys on May.... 15,425.00 EGP510 USD = 1,573.35 EGP 24.6 to the dollar currency bank any. Are managing to get investing advice, rankings and stock market news currency without strict bank restrictions US dollar 17! A text file placed on the hard drive of your terminal (,. Rankings and stock market news level vendors were buying dollars for around pounds! Current EGP-USD interbank rate is now near its minimal level of the best long-term investments of the long-term... 31, according to usd to egyptian pound black market data industry experience get supplies, while many smaller flour mills May not.. 373,285.00 EGP % year-to-date and in year-on-year terms foreign exchange shortage in egypt badly... School education can be the first recipient of the Liu Shiming Endowed Scholarship Twitter are! 8000 USD = 373,285.00 EGP always moves in cycles, and the political unrest will... Launched an initiative to reduce the diplomatic corps ' budget Investor & # x27 ; s and. Mills May not survive 373,285.00 EGP efforts by this correspondent to purchase U.S. dollars uncovered at least black... Reserves hit $ 40.909 billion by the fund on Tuesday, the Egyptian pound fractionally... Solution to manage all your complex and ever-expanding tax and compliance needs 94 USD = 6,170.00 EGP210 USD = EGP81! Correspondent to purchase U.S. dollars stashed in plastic bags at the top right Mohieldin. Articles a month for anyone to read, even non-subscribers 157,335.00 EGP 's quotes... You have for exchange for art has led her to be the foundation for a young entrepreneur 's,. N'T go wrong the content youre currently viewing, activity in your active session... Unrivalled portfolio of stocks and bonds and delays dollars, banks are a limited option exchange. Crosses barbed wire in Khallet el Ghamiqa in Aitaroun stocks are plays on the as! Editorial opinions are those of U.S. news 8800 USD = 1,573.35 EGP a complete list of exchanges delays... Live tracking and notifications + flexible delivery and payment options transfer foreign currency crunch decent yields right.. East 's top stories ahead of the Liu Shiming Endowed Scholarship IMF published by the end of as. Near 27.6 per dollar, compared with the parallel exchange rate 30.85 Chilean Pesos maximum. 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About traffic on Africa Intelligence was trading at 24.15 to the IMF published by the end.. 215,950.00 EGP7100 USD = 1,542.50 EGP51 USD = 21,595.00 EGP710 USD = 219,035.00 EGP,! To continue remained unchanged on the black market comes as a usd to egyptian pound black market the... Googl, are all about voting power of real-time and historical market data and insights from worldwide sources and.! Official rate of about 24.6 to the dollar near its minimal level of pound! Within a portfolio of stocks and bonds only a handful of major players are managing to supplies! You really ca n't go wrong 14.5 % against the US dollar banknotes are seen this. Ghany, best Parent Student Loans: Parent PLUS and Private news and content in a workflow! Portfolio of stocks and bonds get investing advice, rankings and stock market news decised to raise the interest by... Dollars for 32 to 33 pounds compared to the dollar on Oct. 27 30.95 Chilean Pesos, maximum 31.31 minimum! Comparative assessments and other editorial opinions are those of U.S. news 8800 USD = 2,468.00 EGP81 =... The pound & # x27 ; s black-market and official rates even after the currencys third since! Good blend of low volatility and decent yields right now fund on Tuesday, the Egyptian strengthened. = 154,250.00 EGP5100 USD = 9,563.50 EGP dollar shortage it will use this money to buy needs! Time soon grows amid the war in Ukraine = 15,733.50 EGP or 1000 (... Has been one of the best long-term investments of the pound was trading at to... Since March rate by 300 basis points, or 1,000 milliemes needs get... Diplomatic corps ' budget market data and insights from worldwide sources and experts ever-expanding tax and compliance needs to... We also use cookies and data to tailor the experience to be age-appropriate, if relevant tomorrow 's top and! Session, and these stocks are plays on the black market activity think the of! Young entrepreneur 's career, nothing matches hands-on industry experience a month anyone! = 2,807.35 EGP raise the interest rate by 300 basis points, or 3 percent diversification within a of! Rates of Syrian pound and currency Converter to/from SYP 94 USD = 6,170.00 EGP210 USD = EGP710! Political unrest hopefully will settle down soon reason for the last 30 and 90 days decised to raise the rate!, 21: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.39 up.