{"id":652022,"date":"2017-02-27T04:19:45","date_gmt":"2017-02-27T04:19:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/"},"modified":"2017-02-27T04:19:45","modified_gmt":"2017-02-27T04:19:45","slug":"black-market-for-usd-making-a-tepid-comeback","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/","title":{"rendered":"Black market for USD making a tepid comeback?"},"content":{"rendered":"

<\/a> We\u2019re not buying this report until we see data on volumes, but Al Borsa<\/strong><\/a> is reporting that the <\/strong>USD hit EGP 18.50 on the parallel market on Saturday<\/strong> after changing hands at EGP 17.00 on Thursday. One trader speaking to the newspaper said that the strengthening greenback came as a result of increased demand that banks could not meet, with the majority of USD buyers being importers who are doing more business in the period between Chinese New Year and Ramadan, which begins in late May this year. The greenback was also bid-up by buyers looking to snap up USD after the recent strengthening of the EGP in anticipation that Egypt\u2019s currency may weaken again, the story suggests. The average bank sell rate yesterday was 15.8609, according to the Central Bank of Egypt<\/a>. We\u2019re taking suggestions of a resurgent black market for USD with not a pinch, but heaping tablespoons of salt. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

We\u2019re not buying this report until we see data on volumes, but Al Borsa is reporting that the USD hit EGP 18.50 on the parallel market on Saturday after changing hands at EGP 17.00 on Thursday. One trader speaking to the newspaper said that the strengthening greenback came as a result of increased demand that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652022","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"138c1364-2463-4ab3-bbe7-bd6e295d22ea","order":"0","is_powered_by":true,"section_story_id":"d14df9b4-60cf-4867-9efc-d172fa726744","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652005],"teaser":"","voice_url":""},"yoast_head":"\nBlack market for USD making a tepid comeback? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black market for USD making a tepid comeback?\" \/>\n<meta property=\"og:description\" content=\"We\u2019re not buying this report until we see data on volumes, but Al Borsa is reporting that the USD hit EGP 18.50 on the parallel market on Saturday after changing hands at EGP 17.00 on Thursday. One trader speaking to the newspaper said that the strengthening greenback came as a result of increased demand that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-27T04:19:45+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Black market for USD making a tepid comeback?\",\"datePublished\":\"2017-02-27T04:19:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/\"},\"wordCount\":160,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/\",\"name\":\"Black market for USD making a tepid comeback? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-02-27T04:19:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Black market for USD making a tepid comeback?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Black market for USD making a tepid comeback? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/","og_locale":"en_US","og_type":"article","og_title":"Black market for USD making a tepid comeback?","og_description":"We\u2019re not buying this report until we see data on volumes, but Al Borsa is reporting that the USD hit EGP 18.50 on the parallel market on Saturday after changing hands at EGP 17.00 on Thursday. One trader speaking to the newspaper said that the strengthening greenback came as a result of increased demand that […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-02-27T04:19:45+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Black market for USD making a tepid comeback?","datePublished":"2017-02-27T04:19:45+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/"},"wordCount":160,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/","name":"Black market for USD making a tepid comeback? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-02-27T04:19:45+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/black-market-for-usd-making-a-tepid-comeback\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Black market for USD making a tepid comeback?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":598549,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/28\/egypt-could-lower-discounted-customs-exchange-rate-to-egp-15-on-1-june\/","url_meta":{"origin":652022,"position":0},"title":"Egypt could lower discounted customs exchange rate to EGP 15 on 1 June","author":"enterpriseam admin","date":"28 May 2019","format":false,"excerpt":"The government could slash the discounted customs exchange rate to EGP 15 from EGP 16 from 1 June on the back of the recent strengthening of the EGP against the greenback, an anonymous official told Youm7. The EGP hit fresh two-year highs against the greenback last week, breaking the EGP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569016,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/egp-surges-to-new-three-year-highs-against-the-greenback\/","url_meta":{"origin":652022,"position":1},"title":"EGP surges to new three-year highs against the greenback","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"CURRENCY WATCH- EGP surges to new three-year highs against the greenback: The EGP rallied yesterday to its highest value against the USD since it was floated three years ago as part of the country\u2019s IMF-backed economic reform program, Reuters reports. The greenback was changing hands at EGP 15.67 yesterday. The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/144.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571634,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/egp-eases-to-three-month-lows-against-the-greenback\/","url_meta":{"origin":652022,"position":2},"title":"EGP eases to three-month lows against the greenback","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"EGP WATCH- EGP eases to three-month lows against the greenback: The EGP dipped yesterday to its lowest level against the USD since early February, according to Refinitiv data picked up by Reuters. The currency fell to intraday lows of 15.83 from 15.72 at the start of the session. Central bank\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598696,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egypts-customs-exchange-rate-remains-unchanged-despite-strengthening-egp\/","url_meta":{"origin":652022,"position":3},"title":"Egypt\u2019s customs exchange rate remains unchanged despite strengthening EGP","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"Customs exchange rate left unchanged despite strengthening EGP: The Finance Ministry left the discounted customs exchange rate for essential imports unchanged at EGP 16 for June despite the recent uptick of the EGP against the USD, according to a Customs Authority circular (pdf). An anonymous government official told Youm7 last\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603355,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egp-continues-strengthening-against-usd\/","url_meta":{"origin":652022,"position":4},"title":"EGP continues strengthening against USD","author":"enterpriseam admin","date":"21 April 2019","format":false,"excerpt":"EGP continues to strengthen against the USD: The EGP has extended its 11-week rally against the greenback, gaining another EGP 0.11 in the past week, according to central bank data. The exchange rate hit EGP 17.25 to the USD on Thursday, the strongest showing for the EGP since March 2017.Look\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/EGP-USD-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571915,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/04\/egp-dips-to-16-03-against-the-greenback\/","url_meta":{"origin":652022,"position":5},"title":"EGP dips to 16.03 against the greenback","author":"enterpriseam admin","date":"4 June 2020","format":false,"excerpt":"EGP WATCH- USD continues to rally: The EGP lost 11 piasters against the greenback yesterday to reach EGP 16.03 against the greenback, from 15.92 on Tuesday (pdf), according to data from the Central Bank of Egypt.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=652022"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652022\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652005"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652022"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652022"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}