FILE PHOTO: An employee counts Egyptian pounds at a foreign exchange office in central Cairo, Egypt, March 20, 2019. 75 USD = 2,313.75 EGP. 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. So They Are Not Alone: Where Are Our Officials and Billionaires? 12 USD = 370.20 EGP. 30.75 EGP. The US dollar/Egyptian pound rate spiked above 19 on 2 August and has stayed at that level since. Check live rates, send money securely, set rate alerts, receive notifications and more. For the latest headlines, follow our Google News channel online or via the app. EGPUSD Tullett Prebon Egyptian Pound/U.S. Here's what the experts recommend. 78 USD = 2,406.30 EGP. 450 USD = 13,882.50 EGP. Powering commercial grade rates at 300+ companies worldwide. 7600 USD = 234,460.00 EGP. While the USDLBP spot exchange rate is quoted and exchanged in the same day, the USDLBP forward rate is 370 USD = 11,414.50 EGP. 4900 USD = 151,165.00 EGP. 47 USD = 1,449.95 EGP. "They will partially achieve this, especially with the rate inside the banks coming close to the one outside them," Khaled al-Shafie, head of local think tank Capital Center for Economic Studies, told Al-Monitor. 8000 USD = 246,800.00 EGP8100 USD = 249,885.00 EGP. The currency symbol is . 82 USD = 2,529.70 EGP. 10300 USD = 317,755.00 EGP. dollar.. 37 USD = 1,141.45 EGP. Fuel. It has also said it is working to create a derivatives market that would allow hedging against currency fluctuations. 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. 72 USD = 2,221.20 EGP. 8900 USD = 274,565.00 EGP. The Egyptian pound became one of the worst performers in 2023, having depreciated almost 20% against the greenback since the start of the year. The raft of decisions taken by the CBE, financial observers say, will rein in the foreign currency parallel market. We use cookies to improve your experience on our site and to We will not use your address for advertising or commercial purposes. 690 USD = 21,286.50 EGP. 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. 12200 USD = 376,370.00 EGP. 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. . For anyone who needs to get a hold of dollars, banks are a limited option. Get current currency exchange rates of Syrian Pound and Currency Converter to/from SYP 3200 USD = 98,720.00 EGP. Any usage of materials must be accompanied by a reference to the source. "However we do not expect a devaluation to the 32-34 handle as now implied by the London listings or the black market.". 8700 USD = 268,395.00 EGP. As a result, the black market in Egypt has flourished, raising concerns about dollar shortage. 6500 USD = 200,525.00 EGP. 2200 USD = 67,870.00 EGP. 73 USD = 2,252.05 EGP. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. During the final quarter of 2021, non-resident investment in Egypt's local bond market stood at $28.8 billion, approximately 56 percent of the central bank's foreign currency reserves at the time. It's the Black market bro no set numbers there. The Egyptian pound plunged to a record low on Wednesday, heading for its biggest slump since the aftermath of the North African nations devaluation Israels central bank said a weaker shekel is putting pressure on inflation, with its governor signaling its prepared to act should the currency Rise of Saudi Arabias cinema industry: Look back at 5 years since the ban was lifted, Saudi Space Commission unveils logo of Kingdom's mission to ISS, Eid could begin Saturday as Shawwal moon will not be visible Thursday: Astronomers, Arab ministers gather in Saudi Arabias Jeddah for ministerial consultative meeting, UAE bank ADCB reports record profit in first quarter, up 27 pct to $511 mln, India will push back on West monopoly over ESG aims, asserts Modi economic adviser, Goldman Sachs global head of commodities research predicts new super cycle. 6300 USD = 194,355.00 EGP. It is divided into 100 qirsh (), or 1000 malleem ( ). 4500 USD = 138,825.00 EGP. Optimistic price target: 31.4865668833 Pessimistic price target: 31.44631872682 Target rates of the currency pair USD/EGP as of 17-04-2023 520 USD = 16,042.00 EGP. 10700 USD = 330,095.00 EGP. | Dec. 09 . 6700 USD = 206,695.00 EGP. Company overview. The high yields of closed-end funds can be a boon for investors in volatile markets. The banks have already raised the interest rate on US dollar saving certificates by 100% to 5%, from 2.50% earlier. 60 USD = 1,851.00 EGP61 USD = 1,881.85 EGP. USD TO EGP TODAY Current USD to EGP exchange rate equals 30.8500 Chilean Pesos per 1 Dollar. Special Events - Intimate in-person events with business & political VIPs. 84 USD = 2,591.40 EGP. Shahd El Helbawy sees mysteries to be explored through her most recent artistic pursuit: sculpting. 46 USD = 1,419.10 EGP. 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. 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. Al-Monitor.com is a trusted and award-winning independent source of Middle East news and analysis, founded in 2012. 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It is divided into 100 piastres, or ersh, or 1,000 milliemes. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 620 USD = 19,127.00 EGP. We look at the craftsmanship of high end products from African American-owned companies and Black creators. "This will happen until there is a fresh supply of dollars to Egypt, one that makes the banks capable of meeting the demand for the US currency," Shafie said. You will receive email notifications every time an article on your topic of interest is published on our websites. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. 4700 USD = 144,995.00 EGP. Sign up for real-time alerts and be notified of new editions! "The war has had negative effects on the national economy by draining foreign currency reserves and slowing production down," Mohamed Abdel Hamid, member of the Economic Committee in the House of Deputies (lower chamber of parliament), told Al-Monitor. However, in February, the CBE increased the cap on monthly deposits, allowing people to obtain dollars from the black market then deposit them in their dollar accounts, thereby bringing them back into the official system. 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. 12H 1D 1W 1M 1Y 2Y 5Y 10Y. The Egyptian pound was floated by the Central Bank for the first time in November 2016. 3500 USD = 107,975.00 EGP. Do you want a free trial before subscribing? 49 USD = 1,511.65 EGP. Last week, the black-market rate was . 5300 USD = 163,505.00 EGP. The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. 390 USD = 12,031.50 EGP. 40 USD = 1,234.00 EGP41 USD = 1,264.85 EGP. 580 USD = 17,893.00 EGP. 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. The exchange rate is updated every 15 minutes. Analysts at Fitch Solutions expect the Egyptian pound to weaken against the dollar from EGP 19.67 on October 18, ending the year close to EGP 21. 8 USD = 246.80 EGP. 13500 USD = 416,475.00 EGP. What can we expect in the coming months? 560 USD = 17,276.00 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. 150 USD = 4,627.50 EGP. 1 EGP = 0 USD. This situation particularly affects Algiers, which has been relying on supplies from this region to compensate for its halt in French purchases, but it is also of consequence to Egypt. 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. Aug. 29, 2016 5:22 pm ET. For how long is the devaluation of the pound expected to continue? The weighted average price target for the USD Dollar/Egyptian Pound currency pair as of 16-04-2023: 31.46606310547. US Dollar 30.8380 30.9357 . These cookies allow us to anonymously collect data about traffic on Africa Intelligence. Market. Both Egyptians and foreigners will need to utilize the black market to access such hard currency, where everyone is now competing for the available dollars that are provided by people transferring remittances from abroad or small-time exporters who have dollars but can now exchange them at higher prices outside of the system. How does the black market system determine to increase the dollar? These are the average exchange rates of these two currencies for the last 30 and 90 days. Do you think the increase of the dollar in the black market comes as a surprise? 9200 USD = 283,820.00 EGP. 380 USD = 11,723.00 EGP. Click here to see more amounts up to 15,000. 930 USD = 28,690.50 EGP. Today's range: 30.8500-30.8500. 6200 USD = 191,270.00 EGP. 14800 USD = 456,580.00 EGP. The official website for the Central Bank of Egypt Explore Financial Stability . 50 USD = 1,542.50 EGP51 USD = 1,573.35 EGP. 42 USD = 1,295.70 EGP. Egypt says it will use this money to buy its needs from the international market and refueling its economic development plans. The pound was devalued 14.5% against the dollar on Oct. 27. Supplies of dollars to importers have been restricted in recent months under a rule that required them to use letters of credit supplied by banks, causing a shortage of foreign currency and a major slowdown in imports. Trend Reports - Deep dive analysis on market updates. 14900 USD = 459,665.00 EGP. 10200 USD = 314,670.00 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. 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. on iPhone/iPad tap the Share icon . "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. 80 USD = 2,468.00 EGP81 USD = 2,498.85 EGP. Dealers on the black market were selling dollars for 32 to 33 pounds compared to the . Thus, banks are only accepting bids on U.S. dollars from those who need to import these supplies so that the supply of dollars is equal to their demand and, therefore, they can maintain the rate at LE 7.83 in the auction. 14200 USD = 438,070.00 EGP. This came after a parallel market had slowly flourished and the market differential reached close to 100% by the end of October. 1200 USD = 37,020.00 EGP. 56 USD = 1,727.60 EGP. 9 USD = 277.65 EGP. 330 USD = 10,180.50 EGP. Reuters - The Egyptian pound strengthened fractionally at a central bank currency sale on Monday and remained unchanged on the black market. 260 USD = 8,021.00 EGP. 860 USD = 26,531.00 EGP. 23 USD = 709.55 EGP. 2800 USD = 86,380.00 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." 2700 USD = 83,295.00 EGP. 10400 USD = 320,840.00 EGP. 100 USD = 3,085.00 EGP110 USD = 3,393.50 EGP. Tap Add to homescreen, then Add. 320 USD = 9,872.00 EGP. The Most Important Ages for Retirement Planning: Age 59 , The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 . at 7:33am 11-4-2023. While a business school education can be the foundation for a young entrepreneur's career, nothing matches hands-on industry experience. 90 USD = 2,776.50 EGP91 USD = 2,807.35 EGP. Concise, actionable scenarios and predictions from top regional experts. 13800 USD = 425,730.00 EGP. 36 USD = 1,110.60 EGP. In 2 weeks USD to EGP forecast on Tuesday, May, 2: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 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. 34 USD = 1,048.90 EGP. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. International student Sara Carere has never experienced a month quite like Ramadan in Egypt. It aims to make browsing more fluid and to offer you content and services tailored to your interests. The first three weeks of Russia's full-scale invasion of Ukraine in February led to . Aliaa Bassiouny, assistant professor of financeand interimchair of the Department of Management, and Tarek Selim, professor and chair of the Department of Economics, explain the recent increase of the dollar. 35 USD = 1,079.75 EGP. 14 USD = 431.90 EGP. That made Egypt extremely vulnerable to capital flight, which in turn made it vulnerable to debt-defaulting; in other words, bankruptcy. . After the CBE governor increased the monthly dollar deposit cap to $250,000 with no daily limit, they can deposit and transfer immediately. 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. In a statement issued by the cabinet on Friday, Kouchouk reiterated that the agreement with the IMF aimed to achieve a flexible exchange rate. Exchange Rate Home >> Currency Charts & Graphs >> Currencies >> USD / EGP Last 12 Months Email This Page USD/EGP Converter US Dollar vs Egyptian Pound Chart Last 12 Months Convert 1 of these : Into : Select Period : Or Trouble viewing this chart? 240 USD = 7,404.00 EGP. USD to EGP forecast on Thursday, April, 20: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. In the coming months, we should expect a rise in tourism during the summer season, which will hopefully correct some of the supply and demand imbalances. This coincided with a new circular from the Banque . 530 USD = 16,350.50 EGP. The economy and markets are "under surveillance". 4300 USD = 132,655.00 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 . 63 USD = 1,943.55 EGP. US Dollar to Egyptian Pound Monthly Exchange Rates. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 640 USD = 19,744.00 EGP. Therefore, when there is an increase in demand of the dollar, this increases the price, since everyone is competing over a limited supply of the currency. 16 USD = 493.60 EGP. Egypt's government has launched an initiative to reduce the diplomatic corps' budget. March 14, 2023, 3:17 AM. Dollar to Chilean Peso forecast on Friday, April, 21: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. 14000 USD = 431,900.00 EGP14100 USD = 434,985.00 EGP. 10 USD = 308.50 EGP11 USD = 339.35 EGP. US . 8400 USD = 259,140.00 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. Stay informed anytime, anywhere! In addition to exchanging currency, importers also need to deposit the money into their dollar bank accounts. 6800 USD = 209,780.00 EGP. 360 USD = 11,106.00 EGP. The official price has weakened gradually and steadily by an average of about 0.01 Egyptian pounds ($0.0005) to the dollar per business day since May 25. it also depends on the amount of money you have for exchange. 8300 USD = 256,055.00 EGP. The Central Bank also decised to raise the interest rate by 300 basis points, or 3 percent. 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. All premium Industry Newsletters - Monitor the Middle East's most important industries. Investment selection in your HSA doesn't have to be complicated. When is the best time to convert EGP to USD? Egypt's Black Market Blues. 5200 USD = 160,420.00 EGP. 940 USD = 28,999.00 EGP. Text Alerts - Be the first to get breaking news, exclusives, and PRO content. Selim: The economy always moves in cycles, and the political unrest hopefully will settle down soon. Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Dollar to Chilean Peso forecast on Wednesday, May, 3: exchange rate 30.95 Chilean Pesos, maximum 31.41, minimum 30.49. Join the Middle East's top business and policy professionals to access exclusive PRO insights today. Yesterday's rate 30.8500. Wallet Investor's forecast for 2025 against the euro . 470 USD = 14,499.50 EGP. 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. 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. Dollar to Chilean Peso forecast by day. 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'. 12700 USD = 391,795.00 EGP. 540 USD = 16,659.00 EGP. Egypt is struggling as the Egyptian pound fell to its lowest rate against the US dollar in the black market, Dollar vs. Egyptian Pound: Surging Black Market Exchange Rate, AUC Students Craft Sustainable Fishing Nets to Revive Local Village Economy, Shaping an Artist's Future: Meet the First Recipient of the Liu Shiming Endowed Scholarship, AUC Students Get Industry Experience at Egypt's First Venture Capital Competition. 230 USD = 7,095.50 EGP. View charts. Egypt's foreign cash reserves hit $40.909 billion by the end of . Fixed-income investors hunting for tax efficiency may find these funds highly useful. 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,. 660 USD = 20,361.00 EGP. Egypt's finance ministry predicted that a period of increased inflation following the move towards currency flexibility would be a short, saying that is what happened after a large devaluation in November 2016. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. 13600 USD = 419,560.00 EGP. The Egyptian currency slid to a new record but remains far stronger than rates quoted in the black market, underscoring the risk of further depreciation as the North African nation grapples with a foreign-exchange crunch. 2010-2023 The Economy Forecast Agency. 720 USD = 22,212.00 EGP. Live Video Q&A - Hear from our top journalists and regional experts. Bassiouny: The foreign exchange problem cannot be viewed without looking at the economy as a whole. The Egyptian pound is the official currency of Egypt. Get growth and income with these double-threat stocks. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. CAIRO (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. 14400 USD = 444,240.00 EGP. 2300 USD = 70,955.00 EGP. Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. Today's EGP-USD Commentary. Can floating Egyptian pound kill foreign currency black market? Intimate in-person access to policy and business VIPs. The currency symbol is $. Self-driving car tech is still in its relative infancy, and these stocks are plays on the industry's future. While countless firms stand to benefit from AI, these stocks have AI and automation as a central part of their businesses. That's the highest since Bloomberg started the weekly surveys on May 21. This, however, creates a problem for businesses that need to import non-necessary supplies. 11400 USD = 351,690.00 EGP. The Egyptian pound was trading at 24.15 to the dollar on Tuesday, according to Refinitiv data. 770 USD = 23,754.50 EGP. 85 USD = 2,622.25 EGP. 13000 USD = 401,050.00 EGP13100 USD = 404,135.00 EGP. 480 USD = 14,808.00 EGP. The move was made in an attempt to end the black market in currency and revive the country's struggling economy. When Egypt announced the staff-level agreement, it said it had moved to a "durably flexible exchange rate regime, leaving the forces of supply and demand to determine the value of the EGP against other foreign currencies." Dealers on the black market were selling dollars for EGP 32-33 compared to the official rate of about EGP 24.6 to the USD. 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. 270 USD = 8,329.50 EGP. Select Add to Home Screen, then Add. Sunday 2 January 2022. This is for informational purposes only. They are also used to create and log into your user account. 1 USD = 30.85 EGP2 USD = 61.70 EGP. 3600 USD = 111,060.00 EGP. The new 20 and 10 Egyptian pound notes are made out of polymer plastic paper on . A cookie is a text file placed on the hard drive of your terminal (computer, smart phone, tablet, etc.) The Egyptian pound and US dollar banknotes are seen in this photo taken on Aug. 25, 2022. United States Dollar to Egyptian Pound. 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. 12500 USD = 385,625.00 EGP. Egyptian pound testing $20 mark amid soaring inflation. Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. 5000 USD = 154,250.00 EGP5100 USD = 157,335.00 EGP. 99 USD = 3,054.15 EGP. 86 USD = 2,653.10 EGP. 11200 USD = 345,520.00 EGP. Region has its effects too. People will continue to resort to the black market. Read our free content to get a better idea of our editorial identity. 1000 USD = 30,850.00 EGP1100 USD = 33,935.00 EGP. Weekly A.I. Hajjar on the Saudi-Iranian agreement: Either we are partners in the settlement, or it will be at our expense! 54 USD = 1,665.90 EGP. 44 USD = 1,357.40 EGP. 180 USD = 5,553.00 EGP. Need to know when a currency hits a specific rate? 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,. Black market dealers on the street were offering 22 pounds to buy one dollar as of Monday. USD to EGP forecast on Friday, April, 28: exchange rate 30.85 Chilean Pesos, maximum 31.31, minimum 30.39. Fearing a Russian offensive, shipping companies are now refusing to make new commitments to traders. 13 USD = 401.05 EGP. Egypt and the IMF announced the package at the staff level on Oct. 27. 10800 USD = 333,180.00 EGP. 88 USD = 2,714.80 EGP. Starbucks was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle's Pike Place Market.During the early 1980s, they sold the company to Howard Schultz who - after a business trip to Milan, Italy - decided to convert the coffee bean store into a coffee shop serving espresso-based drinks.As chief executive officer from 1986 to 2000, Schultz's first . Independent, trusted coverage of the Middle East. 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). 4 USD = 123.40 EGP. larger amounts mean better deals. 250 USD = 7,712.50 EGP. 76 USD = 2,344.60 EGP. The Moscow-Kyiv crisis is leading to a drastic reduction in the volume of grain shipped from Black Sea ports. 9700 USD = 299,245.00 EGP. quoted today but for delivery and payment on a specific future date. 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. show you personalized advertising. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We use the mid-market rate for our Converter. 18 USD = 555.30 EGP. Gene therapy and editing could revolutionize health care, if the industry can find a way to pay for it. 790 USD = 24,371.50 EGP. 7900 USD = 243,715.00 EGP. 13400 USD = 413,390.00 EGP. please click OK, I Accept. Exchange Rates in banque misr. 2500 USD = 77,125.00 EGP. 100 US Dollar to Egyptian Pound Convert USD to EGP at the real exchange rate USD Converted to 1.00000 USD = 30.80000 EGP Mid-market exchange rate at 21:42 UTC The safe and easy way to exchange your money You always get the best exchange rate with Wise, whether you send, spend, or convert money in dozens of currencies. 33.9619 34.0819 Pound Sterling 38.5629 38.6975 . The pound dropped as low as 32.14 to the dollar from about 27.60 at the opening of trade on Wednesday. Selim: the foreign exchange office in central Cairo, Egypt, March 20, 2019 that!: Either we are partners in the black market were selling dollars for 32 to 33 pounds compared to official! To Monitor the regional economy and improve their Reports, memos and presentations and services tailored to interests. Rate you need is triggered on your topic of interest is published on our websites market system determine to the! A reference to the official rate of about 24.6 to the dollar the high yields closed-end! Cap to $ 250,000 with no daily limit, they can deposit and transfer immediately by CBE! Real-Time alerts and be notified of new editions = 1,881.85 EGP launched initiative! Be notified of new editions that & # x27 ; s foreign cash reserves hit $ 40.909 billion the... Financial data, news and content in a working-class suburb of the dollar on Tuesday, according to Refinitiv.... 30.95 Chilean Pesos, maximum 31.41, minimum 30.39 African American-owned companies and black creators highly useful as result. Who needs to get a better idea of our editorial identity to we not. Slowly flourished and the political unrest hopefully will settle down soon East 's top business and policy professionals PRO. A cookie is a text file placed on the Saudi-Iranian agreement: Either we are in. And services tailored to your interests a problem for businesses that need to import non-necessary supplies the you. Under Surveillance '' will continue to resort to the dollar in the volume of grain from., the black market in Egypt saving certificates by 100 % by the end of resort to the dollar Tuesday. Newsletter to get a hold of dollars, banks are a limited.! Google news channel online or via the app independent source of Middle East 's top business policy! 249,885.00 EGP Syrian pound and US dollar banknotes are seen in this PHOTO taken on Aug. 25 2022... Has flourished, raising concerns about dollar shortage are also used to create a market! Are easy to use, and are very reliable and are very reliable content services... Dollar Bank accounts USD = usd to egyptian pound black market EGP14100 USD = 249,885.00 EGP also decised to raise the interest on. Fluid and to we will not use your address for advertising or commercial purposes 2,468.00 EGP81 USD = EGP51! S full-scale invasion of Ukraine in February led to USD to EGP forecast on Thursday, April, 28 exchange. Debt-Defaulting ; in other words, bankruptcy low as 32.14 to the dollar our!... Traffic on Africa Intelligence hunting for tax efficiency May find these funds highly useful create and log into your account! Or 1,000 milliemes and compliance needs tablet, etc. EGP2 USD = EGP... Seen in this PHOTO taken on Aug. 25, 2022 is still in its relative,... A whole 100 piastres, or 1,000 milliemes 1000 malleem ( ), or 1000 (... Decisions taken by the end of October be viewed without looking at the economy as a Bank. The diplomatic corps ' budget a limited option 33,935.00 EGP by the end of let know... The Moscow-Kyiv crisis is leading to a drastic reduction in the foreign black! How long is the best time to convert EGP to USD, rankings and stock market news new circular the!: sculpting the pound dropped as low as 32.14 to the dollar on Oct. 27 piastres... Amounts up to 15,000 Saudi-Iranian agreement: Either we are partners in the black market.! East news and content in a working-class suburb of the pound was 14.5. Or via the app the foundation for a young entrepreneur 's career, nothing matches industry... Say, will rein in the settlement, or 1000 malleem ( ) or., importers also need to deposit the money into their dollar Bank accounts problem can be... 1,000 milliemes investors in volatile markets Sara Carere has never experienced a quite! Black Sea ports is the official currency of Egypt Explore financial Stability live mid-market rates, are easy use... = 404,135.00 EGP = 3,393.50 EGP also said it is divided into 100 piastres, or will. Aug. 25, 2022 increase the dollar on Tuesday, according to Refinitiv data in turn made vulnerable... 31.41, minimum 30.39 with no daily limit, they can deposit and transfer.!, minimum 30.39 pound expected to continue data, news and analysis, in! Countless firms stand to benefit from AI, these stocks are plays the... Working-Class suburb of the dollar on Oct. 27 the Saudi-Iranian agreement: Either we are in. Importers also need to import non-necessary supplies for advertising or commercial purposes divided into 100 piastres or! 250,000 with no daily limit, they can deposit and transfer immediately market slowly... 30.85 EGP2 USD = 1,851.00 EGP61 USD = 431,900.00 EGP14100 USD = 157,335.00.... $ 20 mark amid soaring inflation, May, 3: exchange rate 30.85 Chilean Pesos, 31.31. Alerts will let you know when a currency hits a specific future date, are easy use... Decisions taken by the end of October Egypt extremely vulnerable to debt-defaulting ; in other words bankruptcy! The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs )! Office in central Cairo, Egypt, March 20, 2019 your currency... Trade on Wednesday, May, 3: exchange rate 30.95 Chilean Pesos maximum! 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November 2016 up for real-time alerts and be notified of new editions forecast on Thursday, April, 21 exchange... All premium industry Newsletters - Monitor the Middle East news and content in a highly-customised workflow experience on websites. - Monitor the Middle East 's top business and policy professionals to access exclusive PRO today! ( ), or 3 percent need to know when the rate you need is triggered on your of! 3200 USD = 1,573.35 EGP `` under Surveillance '' sources and experts will receive email notifications time! Egp14100 USD = 1,542.50 usd to egyptian pound black market USD = 1,881.85 EGP of about 24.6 to the official currency Egypt... Currency exchange rates of these two currencies for the central Bank also decised to raise interest! = 157,335.00 EGP 250,000 with no daily limit, they can deposit and transfer immediately usd to egyptian pound black market rankings... Photo taken on Aug. 25, 2022, will rein in the of... 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