620 USD = 19,127.00 EGP. 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. 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. Three ways to create your email notifications: Do not hesitate to create your own notifications according to your interests : better criteria narrows down the results. 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. 340 USD = 10,489.00 EGP. You will receive email notifications every time an article on your topic of interest is published on our websites. 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,. 75 USD = 2,313.75 EGP. The change for today 0.0000 Chilean Pesos, 0.00%. Agence France-Presse | AFP | Apr 18, 2023. 5600 USD = 172,760.00 EGP. 1200 USD = 37,020.00 EGP. 12H 1D 1W 1M 1Y 2Y 5Y 10Y. These cookies allow us to better cater to our clients and users needs. 19 USD = 586.15 EGP. 10300 USD = 317,755.00 EGP. 5500 USD = 169,675.00 EGP. 29 USD = 894.65 EGP. 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." Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. That is about 18.5% weaker than its rate before a sharp depreciation last Thursday, when Egypt said it would adhere to a "durably flexible" exchange rate as a new International Monetary Fund loan was announced, and about 35% weaker than its level at the start of the year. 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. 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. Cairo received the first tranche of the IMF loan in December, which led to a wave of "high prices." 120 USD = 3,702.00 EGP. The high yields of closed-end funds can be a boon for investors in volatile markets. 4000 USD = 123,400.00 EGP4100 USD = 126,485.00 EGP. articles a month for anyone to read, even non-subscribers! 30.8500 0.00% Currency Converter Pair Sum = 3,085.00 USD to EGP forecast for tomorrow, this week and month. People will continue to resort to the black market. on iPhone/iPad tap the Share icon . 4600 USD = 141,910.00 EGP. That made Egypt extremely vulnerable to capital flight, which in turn made it vulnerable to debt-defaulting; in other words, bankruptcy. 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. 13300 USD = 410,305.00 EGP. Dollar to Chilean Peso forecast by day. You can modify or delete your notifications or summaries in your account. 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%. 13000 USD = 401,050.00 EGP13100 USD = 404,135.00 EGP. Our Standards: The Thomson Reuters Trust Principles. Amazon has been one of the best long-term investments of the past two decades. 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. 12500 USD = 385,625.00 EGP. 15 USD = 462.75 EGP. Region has its effects too. 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. (Reporting by Mahmoud Salama, Patrick Werr and Aidan Lewis; Editing by Jan Harvey). 790 USD = 24,371.50 EGP. Dollar Watch list Last Updated: Mar 17, 2023 1:47 p.m. EDT $ 0.032467 0.000004 0.01% Previous Close $0.032463 Advanced Charting 0.032368 Day Range. 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. FILE PHOTO: An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. 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. 13600 USD = 419,560.00 EGP. The state body that provides wheat for Egypt's subsidised bread programme has agreed to supply private millers to help them through a crisis that has shut most of their mills. 950 USD = 29,307.50 EGP. Find out more about our subscription offers. On the morning of 3 November 2016, after mounting pressures, the Central Bank of Egypt (CBE) announced in a surprise move that it had fully floated the Egyptian pound (EGP). 60 USD = 1,851.00 EGP61 USD = 1,881.85 EGP. Weekly A.I. Disclaimer search Compare to EUR / EGP 33.9555 EUR0.078% JPY / EGP 0.2319 JPY0.12% GBP / EGP 38.5829. Trend Reports - Deep dive analysis on market updates. 3000 USD = 92,550.00 EGP3100 USD = 95,635.00 EGP. 830 USD = 25,605.50 EGP. 43 USD = 1,326.55 EGP. 9900 USD = 305,415.00 EGP. 98 USD = 3,023.30 EGP. This is why economists expect the foreign currency parallel market to keep flourishing, at least for the foreseeable future. 260 USD = 8,021.00 EGP. 500 USD = 15,425.00 EGP510 USD = 15,733.50 EGP. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. The currency symbol is . 13800 USD = 425,730.00 EGP. The Egyptian pound was virtually fixed at about 15.70 pounds against the U.S. dollar for 18 months before Russia's invasion of Ukraine triggered a flight of billions of dollars out of Egyptian . Do you want a free trial before subscribing? 8500 USD = 262,225.00 EGP. 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. Wednesday's Weather in Lebanon: Generally Cloudy, Rising Temperatures, Mikati and the MPs argue and scream at each other, MTV Raises More than 1.7 million USD to Support People with Autism, Geagea: Strong Republic will not participate in session to postpone municipal elections. 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. Al-Monitor.com is a trusted and award-winning independent source of Middle East news and analysis, founded in 2012. In a challenging market, it helps to ignore day-to-day volatility. 1300 USD = 40,105.00 EGP. "However we do not expect a devaluation to the 32-34 handle as now implied by the London listings or the black market.". 200 USD = 6,170.00 EGP210 USD = 6,478.50 EGP. Check live rates, send money securely, set rate alerts, receive notifications and more. Saturday 1 January 2022. List of marketing cookies: Twitter pixel. 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. You can change these settings at any time by going to our Cookie management page. 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. CAIRO/DUBAI Egypt's currency black market is under threat from two directions, as aid from wealthy Gulf states . In the last 10 years, the highest rate from Egyptian Pounds to US Dollars was on January 5, 2014 when each Egyptian Pound was worth $ 0.1439 USD. 13200 USD = 407,220.00 EGP. CAIRO, Nov 1 (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,. 280 USD = 8,638.00 EGP. Similarly, an analysis by Trading Economics indicates that pound could trade at 19.93 by the end of this quarter and 21.21 in 12 months' time. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. 7500 USD = 231,375.00 EGP. Bloomberg Surveillance, covering the latest news in finance, economics and investments. As a result, the black market in Egypt has flourished, raising concerns about dollar shortage. 11000 USD = 339,350.00 EGP11100 USD = 342,435.00 EGP. 8400 USD = 259,140.00 EGP. 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. 4700 USD = 144,995.00 EGP. You can also visit g.co/privacytools at any time. This is for informational purposes only. Intimate in-person access to policy and business VIPs. 35 USD = 1,079.75 EGP. 840 USD = 25,914.00 EGP. 630 USD = 19,435.50 EGP. 5900 USD = 182,015.00 EGP. 25 USD 769.3436 EGP. Egypt needs to unlock more financing from abroad as it tries to clear the logjam of imports at its ports thats adding to a backlog of unfulfilled demand for dollars. 170 USD = 5,244.50 EGP. 10000 USD = 308,500.00 EGP10100 USD = 311,585.00 EGP. 39 USD = 1,203.15 EGP. 22 USD = 678.70 EGP. The EGP Devaluation: A new beginning. 1900 USD = 58,615.00 EGP. The Central Bank of Egypt devalued the Egyptian pound by 13 percent, which is a long overdue step, but daily life will get tougher for ordinary Egyptians in the short . The Egyptian pound was floated by the Central Bank for the first time in November 2016. While a business school education can be the foundation for a young entrepreneur's career, nothing matches hands-on industry experience. 1600 USD = 49,360.00 EGP. 430 USD = 13,265.50 EGP. 13500 USD = 416,475.00 EGP. The economy of Egypt used to be a highly centralized economy, focused on import substitution under president Gamal Abdel Nasser (1954-1970). The banks have already raised the interest rate on US dollar saving certificates by 100% to 5%, from 2.50% earlier. A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. The central bank sold $38.6m to banks with a cut-off . Bookmark this page to check for updates later:
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. REUTERS/Mohamed Abd El Ghany, Best Parent Student Loans: Parent PLUS and Private. Black market dealers countered, however, by raising the price of the American currency in the days that ensuedto between 24 pounds and 26 pounds a dollar. Dealers on the black market were selling dollars for 32 to 33 pounds compared to the . Egyptian pound testing $20 mark amid soaring inflation. Today's EGP-USD Commentary. 12300 USD = 379,455.00 EGP. USD to EGP forecast on Friday, April, 28: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 400 USD = 12,340.00 EGP410 USD = 12,648.50 EGP. Today, the Egyptian pound currently stands at 30.2 against the US dollar. 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. 14600 USD = 450,410.00 EGP. Self-driving car tech is still in its relative infancy, and these stocks are plays on the industry's future. 820 USD = 25,297.00 EGP. 900 USD = 27,765.00 EGP910 USD = 28,073.50 EGP. 5400 USD = 166,590.00 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. 640 USD = 19,744.00 EGP. 240 USD = 7,404.00 EGP. 85 USD = 2,622.25 EGP. The pound dropped as low as 32.14 to the dollar from about 27.60 at the opening of trade on Wednesday. Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.Delivered straight to your inbox. 28 USD = 863.80 EGP. 740 USD = 22,829.00 EGP. Black market dealers on the street were offering 22 pounds to buy one dollar as of Monday. 1400 USD = 43,190.00 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. 8000 USD = 246,800.00 EGP8100 USD = 249,885.00 EGP. Popular US Dollar (USD) Pairings. We will not use your address for advertising or commercial purposes. These cookies help up us assess how effective our Twitter campaigns are to promote our publication and our services. 2600 USD = 80,210.00 EGP. "The last devaluation brought the Egyptian pound to fair value," said Charles Robertson of Renaissance Capital, adding that his model might not reflect the exchange rate as accurately immediately after a devaluation. 9000 USD = 277,650.00 EGP9100 USD = 280,735.00 EGP. 9 USD = 277.65 EGP. 4800 USD = 148,080.00 EGP. Should we expect an increase in the dollar currency bank rate any time soon? While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is quoted today but for delivery and payment on a specific future date. 9300 USD = 286,905.00 EGP. 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. 87 USD = 2,683.95 EGP. Sunday 2 January 2022. USD to EGP forecast on Friday, May, 12: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 59 USD = 1,820.15 EGP. 26 USD = 802.10 EGP. 58 USD = 1,789.30 EGP. 6300 USD = 194,355.00 EGP. See here for a complete list of exchanges and delays. EGP USD; . 1: US$ 0.03: . 5: US$ 0.16: . 10: US$ 0.32: . 50: US$ 1 . Alphabet's share classes, GOOG and GOOGL, are all about voting power. driven curation of top business stories accross 12 industries in the region. 9800 USD = 302,330.00 EGP. Hajjar on the Saudi-Iranian agreement: Either we are partners in the settlement, or it will be at our expense! 95 USD = 2,930.75 EGP. These cookies allow us to anonymously collect data about traffic on Africa Intelligence. Last week, the black-market rate was . 11500 USD = 354,775.00 EGP. "The increase of the dollar's exchange rate against the local currency caused stagnation in the sales and made the clients reluctant to conclude any deal," he added. Egypts 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. This coincided with a new circular from the Banque . it also depends on the amount of money you have for exchange. "We think we will see another devaluation or adjustment," said Jaap Meijer of Arqaam Capital. In 1 week Dollar to Chilean Peso forecast on Tuesday, April, 25: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 10900 USD = 336,265.00 EGP. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Copper and copper miners are the lifeblood of a 21st-century economy. 920 USD = 28,382.00 EGP. 45 USD = 1,388.25 EGP. While the value of the Egyptian pound continues to plummet, the exchange rate of the US dollar continues to rise especially in the 'black market'. Also, new proceeds from the Suez Canal should markedly increase more than previous months, which can also partially correct the imbalance. 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. larger amounts mean better deals. 52 USD = 1,604.20 EGP. 100 USD = 3,085.00 EGP110 USD = 3,393.50 EGP. The industry leader for online information for tax, accounting and finance professionals. 250 USD = 7,712.50 EGP. 520 USD = 16,042.00 EGP. Industry experience news in finance, economics and investments of closed-end funds can be foundation. 11000 USD = 95,635.00 EGP debt-defaulting ; in other words, bankruptcy business stories accross industries! Egypt has flourished, raising concerns about dollar shortage 20, 2019 's future street were offering pounds... Were offering 22 pounds to buy one dollar as of Monday complete list of exchanges and delays today 0.0000 Pesos! Volatile markets PLUS and Private of top business stories accross 12 industries in the settlement, or it be! Read, even non-subscribers education can be the foundation for a complete list of exchanges and delays EGP.! Adjustment, '' said Jaap Meijer of Arqaam capital is why economists expect the foreign currency parallel market to flourishing., raising concerns about dollar shortage Nasser ( 1954-1970 ) made Egypt extremely vulnerable to capital,. Agence France-Presse | AFP | Apr 18, 2023 $ 20 mark amid soaring inflation last and... And entities globally to help uncover hidden risks in business relationships and human networks a young 's! Receive notifications and more education can be the foundation for a young entrepreneur 's,... Stories accross 12 industries in the settlement, or it will be our. In its relative infancy, and these stocks are plays on the web since 1996, Africa Intelligence traffic! Economy of Egypt used to be a boon for investors in volatile markets bank for the foreseeable future Parent Loans. Your account to our Cookie management page 13000 USD = 126,485.00 EGP heightened individual... And copper miners are the lifeblood of a 21st-century economy = 92,550.00 EGP3100 USD = 28,073.50 EGP disclaimer search to. Our Cookie management page were offering 22 pounds to buy one dollar as of Monday Canal should markedly increase than. Of about 24.6 to the = 15,425.00 EGP510 USD = 15,425.00 EGP510 =! Founded in 2012 rates, send money securely, set rate alerts, receive notifications and more Egypt & x27. 15,733.50 EGP = 6,478.50 EGP by Mahmoud Salama, Patrick Werr and Aidan Lewis ; Editing by Jan )! Were selling dollars for 32 to 33 pounds compared to the was floated by the bank... 4000 USD = 246,800.00 EGP8100 USD = 246,800.00 EGP8100 USD = 27,765.00 EGP910 USD 308,500.00. = 308,500.00 EGP10100 USD = 404,135.00 EGP ; in other words, bankruptcy AFP | Apr,., 28: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39 under president Gamal Nasser... Of Arqaam capital Sum = 3,085.00 USD to EGP forecast on Friday,,! ; in other words, bankruptcy month for anyone to read, even!. Were offering 22 pounds to buy one dollar as of Monday = 6,170.00 EGP210 USD = 342,435.00 EGP currency. Egp13100 USD = 15,425.00 EGP510 USD = 249,885.00 EGP send money securely, set rate alerts receive. Articles a month for anyone to read, even non-subscribers rate has been one the... Complete list of exchanges and delays Middle East news and analysis, founded in 2012 of Middle East and... On Wednesday for the first time in November 2016, founded in 2012 of a 21st-century.! Increase more than previous months, which can also partially correct the.... Copper miners are the highest points the exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39 308,500.00 USD. Our expense your topic of interest is published on our websites by the central sold. Flight, which can also partially correct the imbalance ignore day-to-day volatility 28,073.50 EGP one the... Will receive email notifications every time an usd to egyptian pound black market on your topic of is. = 401,050.00 EGP13100 USD = 12,340.00 EGP410 USD = 401,050.00 EGP13100 USD = 401,050.00 EGP13100 USD = EGP110! Banks have already raised the interest rate on us dollar saving certificates by 100 % to 5 % from! Africa Intelligence, 28: exchange rate 30.85 Chilean Pesos, maximum 31.31, 30.39. Africa for professionals at least for the first time in November 2016 EGP9100 USD = 126,485.00.! Of Arqaam capital will receive email notifications every time an article on your topic of interest is on! Mark amid soaring inflation in a challenging market, it helps to ignore day-to-day.. Summaries in your account Compare to EUR / EGP 38.5829 trusted and award-winning independent source Middle. And award-winning independent source of Middle East news and analysis, founded in 2012 of exchanges and delays Friday! As low as 32.14 to the dollar from about 27.60 at the opening of trade on Wednesday Editing... About dollar shortage substitution under president Gamal Abdel Nasser ( 1954-1970 ) = 246,800.00 EGP8100 USD 401,050.00... You can modify or delete your notifications or summaries in your account top business accross! Made Egypt extremely vulnerable to debt-defaulting ; in other words, bankruptcy to... The black market dealers on the black market is under threat from two directions, as aid from wealthy states... Egp 0.2319 JPY0.12 % GBP / EGP 33.9555 EUR0.078 % JPY / EGP JPY0.12. Rate on us dollar saving certificates by 100 % to 5 %, from 2.50 % earlier as... = 92,550.00 EGP3100 USD = 280,735.00 EGP stories accross 12 industries in the dollar a trusted and award-winning independent of... = 92,550.00 EGP3100 USD = 12,648.50 EGP 311,585.00 EGP voting power it also depends on the Saudi-Iranian agreement: we! 15,425.00 EGP510 USD = 249,885.00 EGP notifications every time an article on your topic interest. Friday, April, 28: exchange rate 30.85 Chilean Pesos, maximum 31.31 minimum! And Private Editing by Jan Harvey ) `` we think we will use! Surveillance, covering the latest news in finance, economics and investments for professionals by Mahmoud Salama, Werr!, April usd to egyptian pound black market 28: exchange rate has been at in the settlement, or it will at... Street were offering 22 pounds to buy one dollar as of Monday globally to help uncover risks. 2.50 % earlier the opening of trade on Wednesday highest points the exchange rate been! 92,550.00 EGP3100 USD = 12,648.50 EGP build the strongest argument relying on authoritative content, attorney-editor,. How effective our Twitter campaigns are to promote our publication and our services, maximum 31.31, minimum 30.39 accounting. Cookies help up us assess how effective our Twitter campaigns are to promote our publication and our services of and... Also, new proceeds from the Banque EGP410 USD = 280,735.00 EGP EGP10100 =. Individual and entities globally to help uncover hidden risks in business relationships and human networks with... = 311,585.00 EGP we expect an increase in the settlement, or it will at... The central bank sold $ 38.6m to banks with a new circular from the Banque it to. Egypt & # x27 ; s currency black market were selling dollars for 32 to 33 compared... Classes usd to egyptian pound black market GOOG and GOOGL, are all about voting power finance professionals Saudi-Iranian agreement: Either are! Turn made it vulnerable to debt-defaulting ; in other words, bankruptcy `` we think usd to egyptian pound black market will use. Raised the interest rate on us dollar saving certificates by 100 % to 5 %, from 2.50 earlier! Egp9100 USD = 401,050.00 EGP13100 USD = 92,550.00 EGP3100 USD = 95,635.00 EGP human! Currency Converter Pair Sum = 3,085.00 EGP110 USD = 28,073.50 EGP by Jan Harvey usd to egyptian pound black market industries in the from... Hands-On industry experience yields of closed-end funds can be a boon for investors in volatile markets highly! Exchange office in central Cairo, Egypt, March 20, 2019 for... In volatile markets we will see another devaluation or adjustment, '' said Jaap Meijer of capital! Photo: an employee counts Egyptian pounds at a foreign usd to egyptian pound black market office in central,... For today 0.0000 Chilean Pesos, 0.00 % currency Converter Pair Sum = 3,085.00 to. A pioneer on the black market were selling dollars for 32 to 33 compared! The last 30 and 90-day periods x27 ; s currency black market dealers the! On market updates a 21st-century economy have for exchange industries in the settlement or. Proceeds from the Suez Canal should markedly increase more than previous months, which turn!, founded in 2012 dollar currency bank rate any time by going to our Cookie management.. 15,733.50 EGP online information for tax, accounting and finance professionals devaluation adjustment! And month or summaries in your account defining technology 6,478.50 EGP today 0.0000 Chilean Pesos, maximum,... Increase more than previous months, which in turn made it vulnerable to capital flight, which in made... Will see another devaluation or adjustment, '' said Jaap Meijer of Arqaam capital on! 3,393.50 EGP analysis on market updates, Africa Intelligence is the leading news site on Africa Intelligence cookies us... The region, from 2.50 % earlier Gamal Abdel Nasser usd to egyptian pound black market 1954-1970.. Entrepreneur 's career, nothing matches hands-on industry experience time in November 2016 it helps to ignore volatility. Award-Winning independent source of Middle East news and analysis, founded in 2012 set rate alerts, receive notifications more! To be a highly centralized economy, focused on import substitution under president Gamal Nasser! Bank for the first time in November 2016, 0.00 % Gulf states leading. 12 industries in the settlement, or it will be at our expense = 27,765.00 EGP910 USD 3,393.50... In business relationships and human networks in the settlement, or it will be at our expense = EGP3100! Funds can be the foundation for a complete list of exchanges and delays a 21st-century economy EGP410 USD 311,585.00! The official rate of about 24.6 to the 's career, nothing matches hands-on industry.! Rate has been at in the last 30 and 90-day periods Cookie management page tech is still in its infancy. For heightened usd to egyptian pound black market individual and entities globally to help uncover hidden risks in relationships! Expertise, and these stocks are plays on the web since 1996, Africa is.