USD to EGP forecast on Thursday, May, 4: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 7200 USD = 222,120.00 EGP. Africa Intelligence uses cookies to provide reliable and secure features, measure and analyse website traffic and provide support to the website users.Apart from those essential for the proper operation of the website, you can choose which cookies you accept to have stored on your device.Either Accept and close to agree to all cookies or go to Manage cookies to review your options. 2021 Al-Monitor, LLC. 14 USD = 431.90 EGP. For the latest headlines, follow our Google News channel online or via the app. . 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. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. Join the Middle East's top business and policy professionals to access exclusive PRO insights today. 6200 USD = 191,270.00 EGP. 5600 USD = 172,760.00 EGP. The flotation came only hours before the CBE announced the signing of a $3 billion loan dealwith the International Monetary Fund. 5700 USD = 175,845.00 EGP. The change for today 0.0000 Chilean Pesos, 0.00%. Since Thursday the gap between the black market and official rates for most transactions has shrunk to just five or ten Egyptian piasters, one of the traders said, though a second trader said large purchases of dollars were still being made on the black market at rates as high as 26 Egyptian pounds. 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. This came after a parallel market had slowly flourished and the market differential reached close to 100% by the end of October. 72 USD = 2,221.20 EGP. In 2 weeks USD to EGP forecast on Tuesday, May, 2: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 9 USD = 277.65 EGP. It's the Black market bro no set numbers there. 750 USD = 23,137.50 EGP. Live Video Q&A - Hear from our top journalists and regional experts. 5300 USD = 163,505.00 EGP. 60 USD = 1,851.00 EGP61 USD = 1,881.85 EGP. Africa Intelligence brings you exclusive coverage of the major political, economic and diplomatic issues at stake on the African continent, identifying power players on the rise and low-frequency signals on the horizon. A cookie is a text file placed on the hard drive of your terminal (computer, smart phone, tablet, etc.) USD TO EGP TODAY Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. Street level vendors were buying dollars for around 30 pounds. Dealers on the black market were selling dollars for 32 to 33 pounds compared to the . The dollar recorded LE15.64 for purchase and LE15.74 for selling at the National Bank of Egypt. 12800 USD = 394,880.00 EGP. This two-tier regime happened in Egypt several times and is also now in Venezuela. 280 USD = 8,638.00 EGP. 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Click here to see more amounts up to 15,000. 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. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. 80 USD = 2,468.00 EGP81 USD = 2,498.85 EGP. $1 USD = E15.7092. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Intimate in-person access to policy and business VIPs. 740 USD = 22,829.00 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. - Photo: Shutterstock, Viktorya Fivko. All quotes delayed a minimum of 15 minutes. This month, the Egyptian pound fell to its lowest rate against the U.S. dollar in the black market, with the dollar increasing to LE 9.60 The increase of the dollar comes as a result of attempts by the Central Bank of Egypt (CBE) to regulate the exchange rate at LE 7.83 in order to avoid larger swings in the value of the currency. The bank reserve is an important indicator, as it tells us how much the CBE can afford to offer in banks. Bucking the strength of its peers in emerging markets, the pound extended last weeks devaluation of 9 percent and fell 1.6 percent as of 4:22 p.m. in Cairo on Monday. Dollar to Chilean Peso forecast on Wednesday, May, 3: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. 7900 USD = 243,715.00 EGP. 22 USD = 678.70 EGP. 48 USD = 1,480.80 EGP. 180 USD = 5,553.00 EGP. The International Monetary Fund is due on Dec. 16 to review Egypt's request for a $3 billion Extended Fund Facility to help shore up its finances. 15 USD = 462.75 EGP. 52 USD = 1,604.20 EGP. The Egyptian pound (EGP) depreciated further and crashed to a near 6-year low in August against the US dollar (USD) amid deepening deficits and dwindling international reserves.. The Egyptian pound and US dollar banknotes are seen in this photo taken on Aug. 25, 2022. 8700 USD = 268,395.00 EGP. Apple has been one of the best long-term investments of the past two decades. 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. 7700 USD = 237,545.00 EGP. 9600 USD = 296,160.00 EGP. So They Are Not Alone: Where Are Our Officials and Billionaires? The country's economy is the second largest in Africa after Nigeria regarding nominal GDP . 8200 USD = 252,970.00 EGP. 4 USD = 123.40 EGP. The US dollar to Egyptian pound exchange rate on Monday recorded a low of LE15.63 for purchase and LE15.73 for sale, and LE15.65 for purchase and LE15.75 for sale as the highest price. It traded near 27.6 per dollar, compared with the parallel exchange rate of around 31, according to traders. 4700 USD = 144,995.00 EGP. During the rule of president Abdel Fattah el-Sisi (2014-present), the economy follows Egypt's 2030 Vision.The policy is aimed at diversifying Egypt's economy. Crude prices have risen in the past month as output has tightened. Street level vendors were buying dollars for around 30 pounds. Cairo received the first tranche of the IMF loan in December, which led to a wave of "high prices." 190 USD = 5,861.50 EGP. This signals that there is still a significant volume of unmet FX demand domestically, Goldman Sachs Group Inc. analysts including Kamakshya Trivedi said in a report. 100 USD 3,077.3744 EGP. 900 USD = 27,765.00 EGP910 USD = 28,073.50 EGP. To continue browsing, 50 USD = 1,542.50 EGP51 USD = 1,573.35 EGP. USD to EGP forecast on Thursday, April, 20: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. For more information on the event, click here. It clinched a $3 billion loan from the International Monetary Fund with a pledge in October to adopt a flexible exchange-rate, which the Washington-based lender favors. (0.02) 30.85 EGP. dollar.. 14300 USD = 441,155.00 EGP. 83 USD = 2,560.55 EGP. 14900 USD = 459,665.00 EGP. 2800 USD = 86,380.00 EGP. Egypt has struggled to narrow the gap between the pounds black-market and official rates even after the currencys third devaluation since March. 400 USD = 12,340.00 EGP410 USD = 12,648.50 EGP. "However we do not expect a devaluation to the 32-34 handle as now implied by the London listings or the black market.". Sell 1 USD at 96,500 LBP. 12 USD = 370.20 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. USD to EGP forecast on Friday, May, 12: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 86 USD = 2,653.10 EGP. Foreign exchange remains scarce as the economy contends with the fallout from Russias invasion of Ukraine. Us Dollar Exchage Rates to EGP in all Egyptian banks moment by minute and around the clock note that the last update of the price Us Dollar in Egypt today since 54 Year. 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. Major disruption in Egypt's wheat processing sector continues as the country awaits an IMF loan due next month. 12700 USD = 391,795.00 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. The pound devaluation is a symptom of the problem and not the problem itself. The content 12600 USD = 388,710.00 EGP. Do you want a free trial before subscribing? 1900 USD = 58,615.00 EGP. Concise, actionable scenarios and predictions from top regional experts. It also hopes that the same measure will eradicate the foreign currency black market, especially when US dollar hoarders exchange their greenbacks and invest in the national currency. 360 USD = 11,106.00 EGP. The pound was devalued 14.5% against the dollar on Oct. 27. 11400 USD = 351,690.00 EGP. 470 USD = 14,499.50 EGP. Gene therapy and editing could revolutionize health care, if the industry can find a way to pay for it. 11800 USD = 364,030.00 EGP. "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. Bassiouny: Banks, which operate under the authority of the CBE, are only providing dollars to businesses for importing staple commodities (wheat, corn and flour), energy and pharmaceuticals. The USDLBP spot exchange rate specifies how much one currency is currently worth in terms of the other. Egyptian Pound to US Dollar. 65 USD = 2,005.25 EGP. Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. These currency charts use live mid-market rates, are easy to use, and are very reliable. 1 USD 30.773744 EGP. 2400 USD = 74,040.00 EGP. 11500 USD = 354,775.00 EGP. entities, such as banks, credit card issuers or travel companies. 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. 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. The Egyptian pound was floated by the Central Bank for the first time in November 2016. 2200 USD = 67,870.00 EGP. 69 USD = 2,128.65 EGP. As a result, the black market in Egypt has flourished, raising concerns about dollar shortage. 960 USD = 29,616.00 EGP. Need to know when a currency hits a specific rate? Do you think an economic plan should be put in place in order to save the value of the Egyptian pound? 940 USD = 28,999.00 EGP. Us Dollar is available today at 23 Egyptian bank. US Dollar Egyptian Pound rate for 01/01/2022. 3900 USD = 120,315.00 EGP. 19 USD = 586.15 EGP. 670 USD = 20,669.50 EGP. 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