In a remarkable paradox, the dollar exchange rates continue to change their path between Egyptian banks and the black market, as trading today, Thursday, May 29, 2025, witnessed a noticeable decrease in the price of the dollar inside banks compared to the remarkable rise in the parallel market, the situation reflects the increasing gap between the official and unofficial markets, with the continued pressure on the local currency market as a result of impressive internal and external factors.
The price of the dollar in Egyptian banks .. a noticeable decline
Also continue Gold prices suddenly jump on Sunday .. 21 carat is confused and 18 carat is witnessing a noticeable rise
The prices of the dollar today declined in nine of the most prominent banks operating in Egypt, where government and private banks have topped this scene by a reduction between two piasters to five piasters, and the national banking system seeks to stabilize the market through moderate moves that meet the requirements of citizens, without a noticeable impact in global markets that witness a state of relative stability.
The most prominent dollar prices in Egyptian banks included:
- National Bank of Egypt: 49.71 pounds for purchase, and 49.81 pounds for sale (4 piasters decline)
- Bank of Egypt: 49.71 pounds for purchase, and 49.81 pounds for sale (decline 4 piasters)
- Commercial International Bank: 49.70 pounds for purchase, and 49.80 pounds for sale (5 piasters decline)
- Bank of Alexandria: 49.69 pounds for purchase, and 49.79 pounds for sale (decline 5 piasters)
The black market and the high dollar price
Also continue The Agricultural Bank announces a 10% increase in the supply of local wheat during the current season
In contrast to the decline in the dollar in banks, the black market appeared today at a exchange rate of about 50.71 pounds per dollar, indicating a high demand for the dollar in informal channels, this gap reflects a disparity in supply and demand for the dollar between the official and parallel sectors, which suffers from significant market pressure while continuing to rely on it in meeting needs such as import and travel.
Dollar prices on the black market today, Thursday:
- 1 dollar = 50.71 pounds
- 10 dollars = 507.10 pounds
- 100 dollars = 5,071 pounds
- 1000 dollars = 50,710 pounds
The reasons behind the price of the dollar between banks and the black market
A proposed article The National Bank reveals a surprise after reducing the interest – Learn about the profits of 50 thousand pounds from the best of June 2025 certificates and the list of new returns
The difference in the dollar prices between banks and the black market can be attributed to several major reasons that reshape the economic scene daily, as the local market remains under great pressure that contributes to the enlargement of the gap between official and informal prices:
- The limited official dollar resources that are directed to specialized sectors only
- Increased demand for the dollar by importers and citizens who are looking for purchase outside the banking system
- The expected dollar flows, such as the remittances of Egyptians abroad and tourism revenues
- Speculation
A schedule showing dollar prices today
You might care Learn the price of the pound sterling in banks today, Saturday, May 31, 2025
| Entity | Purchase price | selling price |
|---|---|---|
| National Bank of Egypt | 49.71 | 49.81 |
| Black market | 50.71 | 50.71 |
With these changes, dealing with the dollar remains full of unique challenges within the Egyptian market, as a “strong conflict” continues between the pound and the dollar in drawing the features of the economic scene.
اترك تعليقاً