$1 USD = E15.7092. 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. Text. Updated 2 hours ago. 8800 USD = 271,480.00 EGP. 56 USD = 1,727.60 EGP. 6 USD = 185.10 EGP. 33 USD = 1,018.05 EGP. 54 USD = 1,665.90 EGP. . Bloomberg Surveillance, covering the latest news in finance, economics and investments. 550 USD = 16,967.50 EGP. 50 USD = 1,542.50 EGP51 USD = 1,573.35 EGP. 11200 USD = 345,520.00 EGP. 530 USD = 16,350.50 EGP. The Egyptian pound and US dollar banknotes are seen in this photo taken on Aug. 25, 2022. 17 USD = 524.45 EGP. 76 USD = 2,344.60 EGP. Only a handful of major players are managing to get supplies, while many smaller flour mills may not survive. These are the average exchange rates of these two currencies for the last 30 and 90 days. USD EGP. 10 USD = 308.50 EGP11 USD = 339.35 EGP. 33.9619 34.0819 Pound Sterling 38.5629 38.6975 . 12900 USD = 397,965.00 EGP. 34 USD = 1,048.90 EGP. These cookies allow us to better cater to our clients and users needs. 940 USD = 28,999.00 EGP. 770 USD = 23,754.50 EGP. The latestflotation, on Oct. 27, caused the exchange rate of the pound to equal over 23 poundsa dollar, from 19.67 pounds a dollar earlier in the day. "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. Public spending is on the line as the state's debt grows amid the war in Ukraine. Need to know when a currency hits a specific rate? 680 USD = 20,978.00 EGP. 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. 73 USD = 2,252.05 EGP. 9200 USD = 283,820.00 EGP. 87 USD = 2,683.95 EGP. 1 USD to EGP - Convert US Dollars to Egyptian Pounds Xe Currency Converter Convert Send Charts Alerts Amount 1.00$ From USD - US Dollar To EGP - Egyptian Pound 1.00 US Dollar = 30.90 5776 Egyptian Pounds 1 EGP = 0.0323564 USD We use the mid-market rate for our Converter. 7700 USD = 237,545.00 EGP. 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. 9400 USD = 289,990.00 EGP. Click here for the static version Today's range: 30.7500-30.9499. 82 USD = 2,529.70 EGP. 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. But this is a stop-gap measure, with the country hoping that an IMF loan will provide long-term relief. (0.02) 30.85 EGP. Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. Today's EGP-USD Commentary. 420 USD = 12,957.00 EGP. 220 USD = 6,787.00 EGP. 6300 USD = 194,355.00 EGP. For the latest headlines, follow our Google News channel online or via the app. USD to EGP forecast on Thursday, May, 18: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 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. 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. 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. 860 USD = 26,531.00 EGP. Egypt's Black Market Blues. 170 USD = 5,244.50 EGP. With growth stocks on the rebound, these picks are poised for further gains. 79 USD = 2,437.15 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. Alphabet's share classes, GOOG and GOOGL, are all about voting power. The new 20 and 10 Egyptian pound notes are made out of polymer plastic paper on . 100 USD 3,077.3744 EGP. The currency symbol is . Street level vendors were buying dollars for around 30 pounds. Black market boom since 1967. FILE PHOTO: An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. 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. Saturday 1 January 2022. They are also used to create and log into your user account. 11000 USD = 339,350.00 EGP11100 USD = 342,435.00 EGP. 140 USD = 4,319.00 EGP. Date. 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. 670 USD = 20,669.50 EGP. 52 USD = 1,604.20 EGP. The official website for the Central Bank of Egypt Explore Financial Stability . 43 USD = 1,326.55 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%. 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. Parliamentary delegation left for Washington to hold meetings with IMF, World Bank, Click on the link down below in order to donate and support organizations that care for people with autism and special needs, Geagea: Opposing parties, FPM are disrupting the municipal elections, Two earthquakes were felt by residents in Lebanon, Abdel-Massih says he will not attend Tuesday's session, Kanaan from Washington: Presidential Vacuum Freezes Solutions, Doubles Solution Cost, Geagea: A new calamity is being prepared for the Lebanese people, Aboul Hosn: Democratic Gathering will partake in Tuesday's session, Lebanese authorities seize 10 million captagon pills, Lebanese Foreign Ministry welcomes Saudi-Syrian joint statement following Jeddah meeting, Geagea, Skaff discuss latest developments in presidential election, Working lunch between Prof Chibli Mallat and European Ambassadors, Geagea: Goal behind disrupting presidential, municipal elections to control all aspects of power in Lebanon, Ghada Aoun to revoke Salamehs travel ban, Berri welcomes Iraqi Youth Minister in presence of Kallas, Arslan broaches regional developments with Syrian Charg d'Affaires, 3 Guaranteed Secrets to Build Undefeatable Confidence, Geagea broaches political developments with Egyptian Ambassador, Minister of Justice discusses judicial cooperation with Swedish Ambassador, Friday's Weather: Little to Partly Cloudy, Steady Temperatures. 9000 USD = 277,650.00 EGP9100 USD = 280,735.00 EGP. 780 USD = 24,063.00 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. 60 USD = 1,851.00 EGP61 USD = 1,881.85 EGP. 9800 USD = 302,330.00 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. Trend Reports - Deep dive analysis on market updates. 8 USD = 246.80 EGP. "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. 25 USD = 771.25 EGP. Fearing a Russian offensive, shipping companies are now refusing to make new commitments to traders. 53 USD = 1,635.05 EGP. REUTERS/Mohamed Abd El Ghany 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,. A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. Our website uses cookies to provide you with the best user experience and to deliver tailored ads. 630 USD = 19,435.50 EGP. 94 USD = 2,899.90 EGP. Should we expect an increase in the dollar currency bank rate any time soon? Bookmark this page to check for updates later: 750 USD = 23,137.50 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. 470 USD = 14,499.50 EGP. View charts. 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. 970 USD = 29,924.50 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. 7900 USD = 243,715.00 EGP. 12300 USD = 379,455.00 EGP. Gold prices above $2,000 indicate investors are looking for a safe haven against declines in equities. 55 USD = 1,696.75 EGP. It is divided into 100 qirsh (), or 1000 malleem ( ). 2200 USD = 67,870.00 EGP. 1900 USD = 58,615.00 EGP. 25 USD 769.3436 EGP. 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. 10500 USD = 323,925.00 EGP. 69 USD = 2,128.65 EGP. 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 . 11700 USD = 360,945.00 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. 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. 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. For more information on the event, click here. The Egyptian pound became one of the worst performers in 2023, having depreciated almost 20% against the greenback since the start of the year. 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 quoted today but for delivery and payment on a specific future date. The economy of Egypt used to be a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954-1970). 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 . 120 USD = 3,702.00 EGP. During 2022, the currency lost more than half its value. See here for a complete list of exchanges and delays. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. 10200 USD = 314,670.00 EGP. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. 230 USD = 7,095.50 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. 11400 USD = 351,690.00 EGP. 8500 USD = 262,225.00 EGP. Cairo received the first tranche of the IMF loan in December, which led to a wave of "high prices." Hajjar on the Saudi-Iranian agreement: Either we are partners in the settlement, or it will be at our expense! 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.