Follow us on a daily update The price of the dollar In the Egyptian market and the black market, and the effects that control the price of the American currency in the Egyptian market, we offer daily updates on the last dollar, the dollar has risen since 2011 to unprecedented levels and increased demand and decreased supply, which led to a significant black market activity. The decision to liberalize the pound's exchange rate against the dollar raised the price of the dollar to close to 25 pounds, while positive data on the Egyptian economy and large increases in cash reserves, the Central Bank of Egypt continued to announce periodically, to improve the exchange rate of the dollar against the Egyptian pound, Tara. The dollar price of the banks gradually rose to reach an average price of 17.30 pounds and black market activity fell to register an average exchange rate between 17.30 and 17.40 pounds.
Dollar rate today
- Updated Saturday: The average selling price of the dollar on the black market stabilized at its average price for more than 6 months, registering 17.75 pounds. The law of supply and demand controls the dollar in both the Egyptian market and banks and the black market. Trading on the parallel market mainly depends on price speculation and the spread of rumors. Profit, and was heavily influenced by trading, given the stability of the green exchange rate of the banks to an average price for a long period and the gradual improvement of the economy and the increase of the cash reserves.
- The price of the customs dollar for imported goods was set equal to the price of the dollar in the Central Bank of Egypt, liberalizing the exchange rate of the customs dollar, as the liberalization of its price in the Egyptian market according to the law of supply and demand.
- A significant reduction of the dollar in the Egyptian banks on January 27, 2019, in the purchase price, to exceed 22 piasters in some banks.
- The interest rate at the Central Bank of Egypt, at the same levels in March.
The price of the dollar today in Egyptian banks
Highest price to buy: 17.29
Egyptian bank of Arab lands
Lowest price: 17.36
National Bank of Kuwait NBK
|Like a bank||Purchase price||Sale price||Last played since|
|Egyptian bank of Arab lands||17.29||17.37||Two days|
|Islamic Bank of Abu Dhabi||17.29||17.38||One week|
|Bank of Mashreq||17.28||17.38||6 days|
|United Bank||17.28||17.38||4 days|
|Audi bank||17.28||17.38||6 days|
|Arab Investment Bank||17.28||17.38||6 days|
|Industrial Development Bank||17.28||17.38||One week|
|Egyptian Export Development Bank||17.28||17.38||Two days|
|Egyptian Gulf Bank||17.28||17.38||One week|
|Bank of Housing and Development||17.28||17.38||One week|
|Bank of Alexandria||17.28||17.38||Two days|
|Arab International Banking Company||17.28||17.38||4 days|
|National Bank of Kuwait (Piraeus)||17.28||17.38||One week|
|Credit Agricole||17.28||17.38||One week|
|Suez Canal Bank||17.28||17.38||3 days|
|Bank of Al Baraka||17.28||17.38||One week|
|Bloom Bank||17.27||17.37||One week|
|National Bank of Greece||17.27||17.37||3 days|
|Arab International Bank||17.27||17.37||6 days|
|African International Bank||17.27||17.37||One week|
|Banque Misr Iran Development||17.27||17.37||One week|
|Central Bank of Egypt||17.26||17.39||Two days|
|Agricultural Bank of Egypt||17.26||17.36||One week|
|Bank of Egypt||17.26||17.36||One week|
|National Bank of Egypt||17.26||17.36||One week|
|International Commercial Bank (CIB)||17.26||17.36||Two days|
|National Bank of Kuwait NBK||17.26||17.36||Two days|
The price of the dollar at the Central Bank of Egypt
The Central Bank of Egypt (CBE) is the main determinant of the official exchange rate of dollars in banks, official transactions are conducted at the dollar rate determined by the Central Bank of Egypt, while each bank determines the dollar exchange rate according to with their monetary reserves. , The purchase price of 17.86 pounds and the sale price of 17.97 pounds.
The general trend of the US currency in 6 months
The greenback opened early in the morning, negotiating the best buy from the Egyptian Arab Bank at 17.29 pounds and the best-selling from the National Bank of Kuwait at 17.36 pounds.
The dollar remained stable in the Egyptian market over its previous price averages in more than six months due to the stability of the Egyptian central bank rate, the stability of the Egyptian exchange market and the increase in the cash reserve and a new beginning of the decline at the end of January.