Egypt alters customs exchange rate to EGP17 per dollar from EGP15.75, starting 16 March
Ministry of Finance will change the customs exchange rate to EGP17 per dollar from EGP15.75, effective from 16 March, according to Minister, Amr El-Garhy. The customs exchange rate was last lowered on 1 March to EGP15.75 per dollar from EGP16, effective for two weeks. Egypt began setting a monthly fixed customs exchange rate in January, following the floatation of its pound currency in November, and has since moved to set it every two weeks.
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