Egypt Lowers Customs Exchange Rate
Egypt Lowers Customs Exchange Rate

Egypt Lowers Customs Exchange Rate

Egypt Lowers Customs Exchange Rate

Egypt will lower its customs exchange rate to £16.25 pounds per dollar from 16.50, effective from Tuesday, Finance Minister Amr El-Garhy told Reuters on Sunday. The new rate will be set for one month, he said, in what is the first such drop in four months. Egypt began setting a monthly fixed customs exchange rate in January following the flotation of its pound currency in November. It has since set it each month.


Short URL : https://goo.gl/CtyLyH
  1. https://goo.gl/BaVYDc
  • https://goo.gl/2vbjxf
  • https://goo.gl/W65VYm
  • https://goo.gl/THTjzK
  • https://goo.gl/nESGR7

You can also read ...

Indonesia’s interest rate rise highlights need for urgent defensive action.
Argentina's return to financial chaos might seem remote to...
Kazakhstan Doing Better Than 5 Central Asian Peers
Despite starting from similar points upon the collapse of the...
Pakistan Retains Stable Rating
Moody’s Investors Service said that Pakistan’s (B3 stable)...
Goldman Says US in Dire Straits
Goldman Sachs’ analysts delivered a weekend note on the United...
Taiwan Economic Sentiment Weakens
Sentiment toward Taiwan’s economy weakened in May after the...
Bruno Le Maire
The stability of the eurozone will be at stake if a populist...
Investments by state enterprise rose 11.5% from a year earlier.
Thailand produced its fastest economic growth in five years in...
Chan Chun Sing (L) and CEO of the Singapore Business Federation Ho Meng Kit,  at The Business Times Leaders Forum on Monday.
With the rise in unilateralism and protectionism, the...

Add new comment

Read our comment policy before posting your viewpoints