Cairo - Mubasher: The Egyptian minister of investment, Dalia Khorshid, issued a decision to treat the effects of exchange rates fluctuations on the Egyptian Accounting Standards (EAS).
Khorshid said in a statement on Wednesday that the decision allows optional calculations in the financial statements for companies dealing with the Egyptian pound.
The minister also noted that since the pound flotation in November many companies saw FX gains and losses due to the differences in exchange rates which hugely affected financial results.
