Search results
Results from the WOW.Com Content Network
On 3 January 2021, the dinar was devalued to US$1 = LD 4.48 for all transactions following exchange rate unification, closing the gap between the official and black market exchange rates. [ 4 ] Coins
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
White-collar crime, smuggling, black marketeering, and other economic crimes like embezzlement, tax evasion, kickbacks and bribery increased when Anwar El Sadat and Hosni Mubarak were the President of Egypt. [2] In 2015, reports of sexual harassment highly increased in tourist attractions in Egypt, including at the Pyramids of Giza. Threats of ...
The gap between official and black market exchange rates continues to widen, with many people and informal traders who dominate the economy again preferring the more stable dollar.
But the rise of technology has led to an evolved "black market" -- and rather than exotic animals and tangible exports, data like credit card information and even streaming accounts are up for grabs.
CAIRO/DUBAI (Reuters) -Egypt secured on Wednesday an expanded $8 billion deal with the International Monetary Fund, hours after the central bank unshackled its currency and delivered a 600 basis ...
A black market in Shinbashi in 1946 Illegal street traders in Barcelona in 2015. A black market, underground economy, shadow market or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is not compliant with an institutional set of rules. If the rule defines the set of goods and services whose ...
The annual inflation rate reached 36.8% in June, up from 33.7% recorded in May, according to data released by the state-run Central Agency for Mobilization and Statistics. ... Egypt’s Central ...