Last Update 18:19
Thursday, 17 October 2019

Egypt maintains customs exchange rate at EGP 16 per dollar for August

Ahram Online , Thursday 1 Aug 2019
Egypt central bank
Egypt central bank (Reuters)
Views: 1178
Views: 1178

Egypt will keep its customs exchange rate steady at EGP 16 to the dollar for August, the finance ministry said in a statement late on Wednesday.

Egypt introduced a monthly fixed customs exchange rate in January 2017, following the central bank’s decision to float the Egyptian pound in November 2016.

The finance ministry has since reviewed the rate on a monthly basis.

The Egyptian pound has remained at nearly the same level in recent months, trading at around EGP 16.52 to the dollar on Wednesday.



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.