The price of the dollar on Sunday 7/4/2019 in the banks and the black market and expectations of the increase of the US green against the pound locally



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We are monitoring the dollar on Sunday (April 7) in banks operating in Egypt and the black market, where US currency movements are expected to be at 8 am in the state banking system, with expectations of changes in the exchange rate against the Egyptian pound.

Dollar rate today
Dollar rate today

The price of the dollar against the Egyptian pound is one of the most important things for the Egyptian people for several reasons, the most important being the effect on the prices of imported products, fuel and energy, and the presence of a large number of Egyptians abroad transferring resources in dollars to their relatives in Egypt. The best price to convert to Egyptian money, which is what we offer in this article, where we provide prices in all Egyptian banks through the table below.

The price of the dollar today in Egyptian banks

Highest price to buy: 17.29

Islamic Bank of Abu Dhabi

Lowest price: 17.36

International Commercial Bank (CIB)

Like a bank Purchase price Sale price Last played since
Islamic Bank of Abu Dhabi 17.29 17.38 Two weeks
Egyptian bank of Arab lands 17.29 17.39 Two hours
Bank of Mashreq 17.28 17.38 7 days
Suez Canal Bank 17.28 17.38 4 days
Egyptian Export Development Bank 17.28 17.38 3 days
Egyptian Gulf Bank 17.28 17.38 One week
Bank of Housing and Development 17.28 17.38 Two weeks
United Bank 17.28 17.38 5 days
Arab International Banking Company 17.28 17.38 5 days
National Bank of Kuwait (Piraeus) 17.28 17.38 One week
Bank of Al Baraka 17.28 17.38 One week
Credit Agricole 17.28 17.38 Two weeks
Audi bank 17.28 17.38 One week
Bank of Alexandria 17.28 17.38 3 days
Arab Investment Bank 17.28 17.38 One week
Industrial Development Bank 17.28 17.38 Two weeks
HSBC 17.28 17.38 Two weeks
African International Bank 17.27 17.37 Two weeks
Bloom Bank 17.27 17.37 Two weeks
Banque Misr Iran Development 17.27 17.37 Two weeks
National Bank of Greece 17.27 17.37 4 days
Bank of Egypt 17.26 17.36 Two weeks
National Bank of Egypt 17.26 17.36 Two weeks
International Commercial Bank (CIB) 17.26 17.36 3 days
Central Bank of Egypt 17.26 17.39 3 days
National Bank of Kuwait NBK 17.26 17.36 3 days
Arab International Bank 17.26 17.36 3 hours
Agricultural Bank of Egypt 17.26 17.36 Two weeks

As for black market prices, they are a bit better in terms of price, as the dollar is between 17.92 and 17.95 Egyptian pounds, but there are major Egyptian government restrictions on black market dealers in recent months.

Edit the customs dollar rate

The government's decision to liberalize the dollar's exchange rate has mixed reactions and major concern about the impact of this decision on the prices of imported goods from abroad, especially Asian cars.

Another scenario behind the Egyptian pound against the dollar in Egyptian banks during the last few hours without obvious reasons. This sudden scenario of the fall of the American currency against Egypt caused panic among the gold and green smugglers who was affected by the other, and fell 10 pounds per gram within a day.

Some believe that the decline of the dollar against the pound will not last long, since the US currency will return to the previous exchange rate of 17.90, where it is now 17.52 pounds, avoiding the reasons that must flow a lot of money to the country during the month of last December. What has fed the banks with more currency in their vaults and, consequently, the fall in the exchange rate.

  • Egyptian banks are set to open on Sunday amid expectations of an increase in the US dollar against Egypt.
  • The Abu Dhabi Islamic Exchange offers the highest price to buy the dollar against the pound currently among competing banks.

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