US dollar price declines significantly on black market in Egypt

Written by on December 30, 2022

The exchange rate of the US dollar on the black market in Egypt declined significantly during the past days, losing about LE12 and touching its value in official banks in Egypt.

The dollar fell from LE38, to less than LE28 down 35 percent, to be a crushing blow to currency traders on the black market during the past days.

The collapse of the black market came, after a state of confusion dominated illegal traders at a time when . . .



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