The dollar continues to rise against the Egyptian pound today, Monday

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The Egyptian pound dropped again against the dollar on the black market on 21 July 2016, extending its recent decline despite central bank efforts to close the gap between demand and supply in the dollar-starved economy. Egypt, which relies heavily on imports, is facing a shortage in foreign currency inflows after a 2011 uprising drove tourists and foreign investors away, causing the country's reserves to tumble to $16.56 billion from $36 billion. A black market for dollars has sucked up liquidity from the banking system while the central bank kept the pound artificially strong and rationed dollars through weekly auctions, putting a strain on foreign reserves. (Photo by Fayed El-Geziry /NurPhoto via Getty Images)

Egypt Daily News – The price of the dollar today, Monday 8/5/2024, witnessed a noticeable increase during the past hours, against the Egyptian pound in banks operating in Egypt, as the price of the dollar in the Central Bank of Egypt today recorded 51.65 pounds for purchase instead of 48.72 pounds, and 51.13 pounds for sale instead of 48.80 pounds.

While the National Bank of Egypt recorded 49.51 pounds to buy, 49.41 pounds to sell, the Bank of Egypt recorded a price of 49.51 pounds to buy, 49.41 pounds to sell, and in the Bank of Cairo, it recorded a price of 49.51 to buy, 49.41 pounds to sell, and the Commercial International Bank (CIB) recorded a price of 49.51 to buy, 49.41 pounds to sell.

The price of the dollar in banks was recorded as follows:

The price of the dollar in the National Bank of Egypt
49.51 pounds to purchase.

49.41 pounds for sale.

The price of the dollar in the Bank of Egypt
49.51 pounds to purchase.

49.41 pounds for sale.

The price of the dollar in the Bank of Alexandria
49.51 pounds to purchase.

49.41 pounds for sale.

The price of the dollar in the Commercial International Bank “CIB”
49.51 pounds to purchase.

49.41 pounds for sale.

The price of the dollar in the Bank of Cairo
49.51 pounds to purchase.

The price of the dollar in the Banque du Caire
49.51 pounds to purchase.

49.41 pounds for sale

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