The parallel market for FX “remains active and resilient behind the scenes,” traders tell Reuters’ Asma Alsharif. "There is difficulty in making transactions and there are big risks, but with those increased risks come the increase in profit and that is why this market will keep working. One way or another, it will continue in unofficial locations … The gaps in prices are big and that is because of the security crackdown. This market is now a market of fear. The price [for USD] edged down but now it is rising again because the demand is strong while supply is less,” one FX bureau manager said. Another impact of the intensified surveillance is that the differences between the price of USD quoted across the parallel market are becoming more varied as communication between bureaux has “gone quiet.” Don’t expect the crackdown to do much, CI Capital’s Hany Farahat says, “on the contrary, excessive regulation will increase the opportunity cost of engaging in unofficial transactions and push traders to charge a higher fee, and therefore increase the parallel market premium.”