8/27/2023 0 Comments Egp currency![]() ![]() The currency has weakened from 19.7 to the dollar in March.īlack market currency dealers continued to buy dollars for 29 pounds each on the black market on Wednesday, even after the devaluation. You won’t receive this rate when sending money. This unique US Dollar Egyptian Pound chart enables you to clearly notice the behavior of this pair. The Egyptian pound, or gineih, is the currency of Egypt. Get instant access to a free live streaming USD EGP chart. ![]() "Key is to unify the exchange rate, which will require eliminating the FX backlog and ensuring demand for FX is met going forward," he added.Įgypt's two main state banks, Banque Misr and National Bank of Egypt, said in statements earlier on Wednesday they were offering one-year savings certificates with a return of 25%, a move that often accompanies a devaluation.Įgypt announced last week it had phased out a system of mandatory letters of credit for importers it imposed in February that further aggravated the import crisis. 1 From EGP Egyptian Pound To EUR Euro 1.00 Egyptian Pound 0.02 9654142 Euros 1 EUR 33.7221 EGP We use the mid-market rate for our Converter. invert currencies EGP - Egyptian Pound USD - United States Dollar Conversion Rate (Buy/Sell) USD/EGP 0.032370231 Last Updated 5:42:49 PM en-US EGP Egyptian Pound Country Egypt Region Africa Sub-Unit 1 LE 100 qirsh Symbol. Currency Table: EGP Egyptian Pound All figures are mid-market rates, which are not available to consumers and are for informational purposes only. "Whether this resolves the FX liquidity issues that Egypt has been facing will depend on whether we see significant FX inflows in the near term," said Farouk Soussa of Goldman Sachs. Buy Egyptian pound How much would you like EGP GBP 20.06 EGP 1 GBP BUY Egyptian pound Looking for a different currency What to spend your pounds on Single trip on the Cairo metro 1 EGP 0.05 GBP Bottle of water from the market 3 EGP 0.15 GBP Guided dive in Shark’s Bay 216 EGP 10. Egypt’s pound weakened by more than 13 percent to a new low below 32 to the US dollar on Wednesday, losing its value by half since March as the central bank moved to a more flexible exchange rate. EGP is the currency code for Egyptian Pound, which is the official currency of Egypt. ![]() It was about 24.70 to the dollar at the opening of the trading day.Ĭurrency flexibility has been a key demand by the International Monetary Fund, which approved a 46-month, $3 billion financial rescue package in October.Įgypt had been seeking the loan since March, after the economic fallout from the war in Ukraine aggravated a foreign currency shortage, causing a sharp slowdown in imports and a backlog of goods in ports. 0.03 2362202 US Dollars 1 USD 30.9002 EGP We use the mid-market rate for our Converter. CAIRO, Jan 4 (Reuters) - The Egyptian pound weakened to 26.49 to the dollar on Wednesday, its biggest one-day move since the central bank allowed it to fall by 14.5% on Oct. ![]()
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