• 2024/04/30

US dollar up slightly in banks, Black Market rate ticks higher

The US dollar edged higher against the Egyptian pound on Tuesday, April 30, 2024, following a period of stability. The Central Bank of Egypt set the buying rate for the dollar at EGP 47.85 and the selling rate at EGP 47.95.

Here are the highest and lowest exchange rates for the US dollar in major Egyptian banks:

National Bank of Egypt (NBE):

Buying Price: EGP 47.85  -  Selling Price: EGP 47.95

Bank Misr:

Buying price: EGP 47.85 - Selling price: EGP 47.95

Bank of Alexandria:

Buying price: EGP 47.85 - Selling price: EGP 47.95

Bank of Cairo:

Buying price: EGP 47.85 - Selling price: EGP 47.95

Commercial International Bank (CIB):

Buying price: EGP 47.85 - Selling price: EGP 47.95

Baraka Bank:

Buying price: EGP 47.85 - Selling price: EGP 47.95

Abu Dhabi Islamic Bank:

Buying price: EGP 47.85 - Selling price: EGP 47.95

Suez Canal Bank:

Buying price: EGP 47.85 - Selling price: EGP 47.95  

Exchange rate of the US dollar in the black market Tuesday

The US dollar edged higher on the black market on Tuesday, April 30, 2024. The buying price reached EGP 48.00 and the selling price hit EGP 48.20.

This slight increase comes amid a rise in US dollar flows to Egyptian banks in recent months. This follows the Central Bank of Egypt's decision last month to liberalize the exchange rate, allowing it to be determined by the forces of supply and demand.

• black market
• dollar rates
• CBE
• banks