The price of the dollar in Egypt now..The central bank responded to the draft statement of clients ' accounts for taxes

 The price of the Egyptian pound stabilized today to record 24.59 pounds to buy and 24.66 pounds to sell at the central bank, days before the meeting of the International Monetary Fund, at which the decision will be made to grant the loan of 9 billion dollars distributed between the IMF and other bodies to Egypt.

It provokes a state of instability in the Egyptian economic environment with the rise in gold prices to an unprecedented peak at 2000 pounds per gram before prices fell and there are rumors of a new and complete liberalization of the Egyptian pound against the dollar for Egypt to achieve the list of conditions of the IMF in exchange for receiving dollar support.

The price of the dollar in the parallel market

CNBC Arabia reported that the dollar prices in the parallel market reached 30 pounds to the dollar and more, while the USDT digital dollar prices against the pound reached the levels of 31 on the Binance digital platform.

The central bank responds to the draft law on disclosure of customer information

A draft law was submitted by the Egyptian people's Assembly to the central bank stipulating the authority of the tax authority to find out the data of dollar accounts in order to be able to impose taxes on them, in implementation of the provisions of international tax agreements in force in Egypt.

The central bank responded: "It guarantees the confidentiality of customer safes and deposits with Egyptian banks, and does not allow any party to view them, or give data about them to any party directly or indirectly, except with the written permission of the account holder or the deposit."

The central bank pointed out in its statement that the draft law amending some provisions of the Tax Procedures Law does not affect the confidentiality of bank accounts and that it concerns only the exchange of information with foreign tax authorities and not with the Egyptian tax authority for domestic purposes, and that this will be done in implementation of the provisions of the international agreement that all member states of the global transparency forum and the exchange of information for tax purposes, which was established by the group of twenty and the Economic Cooperation Organization, and Egypt joined in 2016.

He stressed that the aforementioned draft law does not affect the confidentiality of bank customers 'accounts in Egypt, which the law of the central bank and the banking system has established strict guarantees to protect, as it guaranteed the protection of the confidentiality of banking sector customers' data, accounts, deposits, safes and safes in banks, as well as the confidentiality of transactions related to them.

The Egyptian Stock Exchange today

The Egyptian Stock Exchange index managed to climb for the eighth day in a row, rising 0.35% today, adding 51 points to reach 14778.05 points. This is after rising yesterday by 1.99%, the day before yesterday by 1.19%, on Monday by 1.77% and on Sunday by 3.22%.

Gold and the return to stability

Gold prices fell today despite the violent volatility witnessed by the yellow metal in Egypt in recent days, and the 21st carat price records a drop of 1600 pounds from 1710 pounds. While the caliber of 18 increased to achieve 1371 pounds per gram.

The price of the gold pound reached 12,800 pounds with official talk about increasing demand for it and scarce supply, which helps the price rise away from its real value. However, experts expected the return of gold prices to their normal levels, which are in line with the global pricing of the ounce, soon.