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Finance Ministry Keeps Customs Dollar at LE 16 for Intermediate Goods
Source: 12/2/2018

The Finance Ministry will keep its customs exchange rate in December at EGP 16 to the dollar as regards intermediate goods and semi-finished products like Tobacco.

Finished products like cigarettes and cigars will be subjected to the exchange rate announced by the Central Bank, the ministry said in a statement .

Egypt began setting a monthly fixed customs exchange rate following the Central Bank’s decision to float the Egyptian pound in November 2016.

The Finance Ministry has since reviewed the rate every month.

Related Categories: Accounting, Statistics  Economics/Financial Analysis  General  Insurance 

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