Islam Saeed wrote
Saturday, March 2, 2024 01:13 PM
We publish The price of the dollar on the black market Today, Saturday, March 2, 2024, after Egypt received a new batch of investments The head of wisdom The dollar recorded 45 and 44 pounds in today’s trading, amid a complete halt in the buying and selling movement until the final price of the dollar is known, which has witnessed a continuous decline since the announcement of the Ras al-Hikma deal.
On the other hand, the continued decline of the dollar on the black market below 45 pounds caused the price of gold to decline in the Egyptian market today, Saturday, to its lowest level in two months, and a gram of 21 carat gold, which is the best-selling in Egypt, recorded 2,920 pounds per gram amid a decline in the actual demand for gold during the current period, as well as due to… The dollar falls on the black market.
The dollar in the gold market is now calculated at 49 pounds, meaning that gold in Egypt is now priced according to a dollar calculated at 49 pounds, and this is an indication that the dollar is moving in a range much lower than that on the black market.
Developments Fall in the price of the dollar In the parallel market, it came after the Egyptian government announced that Egypt had received another $5 billion from the first installment of the investment partnership deal with the United Arab Emirates, regarding the project to develop the city of “Ras Al-Hikma” on the northwestern coast of Egypt, and thus the first installment had been effectively completed.
Dr. Mostafa Madbouly, Prime Minister, had announced during the government meeting that $5 billion had been received from the first batch, pointing out that measures had been taken to coordinate between the Central Bank and the Emirati side, to transfer $5 billion from the deposit to the Egyptian pound, and that within In two months, Egypt will receive the remaining amount that was announced, to complete the amount of $35 billion in direct investment entering the state from this deal, in addition to the 35% that the state will receive from the net profits of the project.
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