Traders in the exchange market said that the dollar collapsed in the parallel-black exchange market in Egypt from yesterday until today, Saturday, as it lost more than 16 pounds at once following the announcement of the largest deal in the history of direct investment in Egypt, which is the deal to develop the Ras El Hekma area between the two governments. Egyptian and Emirati.
The price of the dollar fell below the level of 50 pounds on the black market, trading according to traders between the levels of 47 and 52 pounds today, Saturday, amid anticipation for new monetary decisions in the coming days after Egypt received cash flows amounting to 35 billion dollars from the deal.
Experts said that dealers in the black market for the dollar are finding great difficulties in the current period, in the operations of buying and selling the dollar in light of the large successful campaigns carried out by the Egyptian state agencies during the last period, which contributed greatly to the decline of the dollar during the past weeks, in addition to reducing… Speculation on it.