Last Update 15:40
Saturday, 20 July 2019

Egypt to ban local sale of air tickets for any itinerary outside the country

The move is aimed at combating an acute shortage of foreign currency

Ahram Online , Thursday 29 Sep 2016
British Airways (Reuters)
Views: 44781
Views: 44781

Egypt is stopping the sale of air tickets for routes starting and ending outside the country as of next week, the aviation ministry said on Thursday, in a bid to help ease an acute shortage of foreign currency in recent months.

The new measure comes after "a significant increase from the normal rates of the sales" of such tickets by some local travel agencies that has been noticed recently, the ministry said in a statement. 

The ministry has made the decision to stop any attempt to make use of the difference between the dollar's official price and that of the black market, but did not elaborate.

Ministry's officials contacted by Ahram Online were not immediately available for comment.

The decision will come in to effect as of 5 October and will continue to be in place for a year.

Egypt is facing an acute dollar shortage that sent its foreign reserves down, with a widening gap between official and black market rates that has increased pressure to devalue the currency.

In recent months, many banks reduced its foreign currency's withdrawal and purchasing limits through cash dealings for local debit and credit cards.


Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.