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Egypt to Lower Customs Exchange Rate to 16.25 EGP/USD
Source: www.export-egypt.com 7/30/2017

Egypt will lower its customs exchange rate to 16.25 pounds per dollar from 16.50, effective from Finance Minister Amr El-Garhy told

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.



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