hey
I am ola , I am an Egyptian writer
I worked in writing articles for 3 years and I have a lot of experience in this fields specially I like writing articles about economy and national income
so I want to send you one of my work to see the quality of writing and if you want to try a sample for free before working , I don't mind
this article about the increase in the price of dollar in egypt
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The price of the US dollar has increased significantly over the last two days against the Egyptian pound by more than 10 piasters, recording an average selling price of about 17.78 pounds, compared to about 17.68 pounds, while the purchase price was about 17.66 pounds, according to data from the Central Bank of Egypt. This is the first rise in two months. The green currency fell during the months of October and November to the dollar between 17.70 and 17.69 pounds, while the highest dollar currently is about 17.80 pounds for sale, 17.70 pounds for purchase. The central bank decided in Novembeit. .last year to liberalize the pound exchange rate and pricing in accordance with supply and demand mechanisms, so that the government or the central bank does not intervene in determining it directly or in any way, but its price is determined automatically in the currency market through the supply and demand mechanism. Allowing for the determination of the exchange rate of the national currency against foreign currencies. For the first time, the value of the Egyptian pound was devalued by 48%. While Standard and Pors predicted a rise in the exchange rate of the dollar against the pound by the end of the fiscal year 2018-2019 to reach 21 pounds and to register 21.5 pounds at the end of fiscal year 2019-2020. We present in this report a number of reasons that led to the rise of the dollar According to the following: The start of the import season The green currency is usually subject to supply and demand. With the beginning of the import season, especially at the end of the year, the demand for the dollar is increasing significantly, leading to a rise in the exchange rate. Closing the budgets Foreign companies operating in the Egyptian market during this period of each year start closing their budgets in order to distribute the profits and transfer part of them to the parent companies abroad, which causes an increase in the demand for the green currency and the high prices of the banks. Foreigners' investments in treasury bills As the end of the year draws to a close, foreign investors are turning their investment profits into local treasury bills and bonds to take advantage of the low dollar, before rising by the end of the year as dollar prices usually rise at this time. Christmas and Christmas Season With the Christmas and Christmas holidays beginning, the demand for the dollar is increasing significantly as importers import holiday gifts. These are seasonal and annual, as well as citizens traveling abroad for the Christmas holidays. In the dollar's rise in banks because of increased demand for it .