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Wednesday, May 18, 2016

US dollar against the Egyptian pound


Prices on the black market at a subsequent site in Egypt five different currencies with daily black market in dollars the official market of light today, but in the further analysis and explanation are all the reasons for decline and always evidence markets, black markets, particularly currency to the US dollar witnessed a large rise and prices fall in line, sometimes quickly, unlike the official market of the dollar "bank".

From US $ rate this significant change in the official market currencies, "the bank" and the unofficial currency market, the "black market" Egypt's central bank, the intention is "Today's announcement to take firm and stern measures against the US dollar foreign currency senior traders and speculators "But so far, it is to control the black market exchange rates Egypt will be conducted by the Central bank did not specify the nature of these measures.

However, the central bank governor has emphasized that it will eliminate the black market in Egypt, almost a year for a period of between six months.

This is to achieve the kind of control of the Egyptian black market currency, including procedures, some _kat exchange closing performed by the central bank to adjust the foreign currency, speculation "US dollars" and traders, and thus the foreign exchange market stability, financial experts It is expected. "Egypt US dollar."

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