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" Parallel Market"

38 results

Business - Markets & Companies
4/9/2024 6:22:51 PM
Automotive experts say the US dollar’s recent depreciation in the parallel market has profoundly affected the car industry in Egypt, significantly reducing prices by approximately 20 percent.

Business - Economy
3/7/2024 6:23:25 PM
Prime Minister Mostafa Madbouly explained the government’s plan to eliminate the dollar gap, the crackdown on the parallel market, and the expected decrease in commodities prices, in a press conference after overseeing goods release at the Alexandria Port on Thursday.

Business - Economy
2/4/2024 9:14:27 PM
The US dollar recorded a noticeable drop against the Egyptian pound in the parallel market, reaching approximately EGP 55 over the past few hours, down from a recent peak of EGP 72 in the past few days, according to media reports.

Business - Economy
1/31/2024 4:36:22 PM
The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported to Ahram Online.

Business - Economy
1/30/2024 1:32:22 PM
S&P Global Rating Agency expects that Egypt is likely to devalue its currency to align it more accurately with the parallel market rate, according to a recent report released by the agency.

Business - Economy
1/22/2024 2:40:20 PM
Egypt may devalue the Egyptian pound to bridge the gap with its traded rate in the parallel market, said Fakhry El-Fiqi, head of the Planning and Budget Committee in the House of Representatives.

Business - Markets & Companies
1/16/2024 4:36:00 PM
The USD parallel market rate, EGX indices, and gold prices reached new record highs on Tuesday.

Business - Markets & Companies
1/14/2024 4:33:18 PM
The USD has approached a new high of EGP 57 in the parallel market in Egypt, while gold prices started the week with EGP 100 jumps in the gram price of different carats.

Business - Markets & Companies
1/8/2024 3:50:10 PM
The US dollar reached more than EGP 54 in the parallel market, while remaining at a stable EGP 30.96 in the official market on Monday.

Al-Ahram Weekly - Economy
1/2/2024 8:30:22 PM
Efforts to stem the parallel market for dollars are continuing, reports Niveen Wahish

Business - Economy
12/27/2023 8:11:30 PM
If you deal in the parallel market of the currency, you should beware of “frozen dollar” notes, which are invalid currency with deactivated serial numbers.

Business - Economy
11/30/2023 7:30:56 PM
The USD declined slightly against the Egyptian pound in the parallel market, hovering around EGP 49.5, as the Central Bank of Egypt (CBE) injected $2 billion to regulate the market, a source from the import sector who preferred not to be named told Ahram Online on Thursday.

Business - Economy
11/16/2023 1:21:57 PM
The US dollar rate hit new records in the currency parallel market, as it reached EGP 50/1 USD for small amounts ($1000-$1500) and around EGP 55/1 USD for greater amounts, the number of importers operating in the local market told Ahram Online.

Business - Economy
10/25/2023 4:20:19 PM
The Israeli war on Gaza has driven the Egyptian pound down to a record low on the parallel market, where it is now trading for EGP 46 against the US dollar, said Ramona Moubarak, head of MENA Country Risk at Fitch Solutions.

Al-Ahram Weekly - Egypt
8/7/2023 4:25:00 PM
The announcement of an anticipated tax increase on tobacco products has resulted in parallel-market price hikes and financial losses to the state treasury.

World - Region
3/14/2023 11:17:07 AM
The Lebanese pound sank to a historic low against the dollar on the parallel market Tuesday, foreign exchange dealers said, as banks in the crisis-hit country resumed an open-ended strike.

Business - Economy
1/12/2023 5:04:07 PM
The Egyptian pound is continuing to witness significant fluctuations against the US dollar on Thursday, surpassing EGP 30 in a number of foreign and Arab banks operating in the Egyptian market.

Business - Economy
12/28/2022 3:46:18 PM
The Egyptian pound has lost over 25 percent of its value against the US dollar since March, when the Russia-Ukraine conflict started.

World - Africa
2/9/2021 7:51:10 PM
An economic crisis that contributed to Bashir's downfall has deepened. Inflation stood at 254% in December, and the Sudanese pound has slid rapidly on the parallel market

Business - Economy
11/26/2015 4:23:15 PM

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