Egypt keeps customs USD exchange rate at EGP 16 in September

Cairo – Mubasher: Egypt will keep its customs exchange rate unchanged at EGP 16 per US dollar for September, finance minister Mohamed Maait said.

The price of the customs dollar hovers around 90% of its common price in banks across the country, the minister added.

On 1 August, the Ministry of Finance (MOF) announced that the customs exchange rate would remain stable at EGP 16 for August.

Egypt targets a USD rate of EGP 17.25 in fiscal year 2018/2019, versus EGP 16 in FY17/18.

Mubasher Contribution Time: 29-Aug-2018 09:17 (GMT)
Mubasher Last Update Time: 29-Aug-2018 10:15 (GMT)