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Egypt raises customs exchange rates for rest of March

by ChemOrbis Editorial Team - content@chemorbis.com
  • 15/03/2017 (17:35)
According to media reports, Egypt’s Finance Ministry has adjusted the customs dollar exchange rates up to 17 pounds from 15.7 pounds per dollar for the second half of March, after two consecutive downward revisions for the period between the second half of February and first half of March. The new rates will be valid as of March 16. The Ministry revises the customs dollar exchange rate every 15 days.

The higher rates were led by the rebound in the US dollar parity against the local currency, EGP at the official banks, which are currently hovering above the level of 18 pounds.
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