The pound collapses against the dollar, exchange rates on the black market, Friday, January 12

2024-01-12 17:34:55

The pound fell on the black market today, Friday, January 12, 2024, and the dollar exchange rate rose to approach its highest levels, approaching the price of 56 pounds to the dollar in the parallel market. This rapid decline comes ahead of news of a new floatation of the Egyptian pound, which opens the door to questions about where the float will reach, and whether it will exceed… Float at the parallel market price or not?

The price of the pound fell against the US dollar on the black market today, Friday, and the price reached 55.80 pounds for sale, while the price of the dollar against the pound on the black market reached 54.80 dollars for purchase.

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The price list of the US dollar against the Egyptian pound in the parallel market (black market) is as follows:

American dollar

Egyptian Pound

1 US dollar

55.80 Egyptian pounds

5 US dollars

279 Egyptian pounds

10 US dollars

558 Egyptian pounds

50 US dollars

2790 Egyptian pounds

100 US dollars

5580 Egyptian pounds

500 US dollars

27,900 Egyptian pounds

1000 US dollars

55,800 Egyptian pounds

5000 US dollars

279,000 Egyptian pounds

10,000 US dollars

558,000 Egyptian pounds

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