Customs exchange rate to remain at EGP16 in December: Ministry of Finance

Last updated: November 29, 2017 5:02 pm

1 Min Read

The customs exchange rate for US dollars is set to remain at EGP 16 in December, said the Ministry of Finance in a press statement on Wednesday.

The ministry said earlier today that the decision to stabilise the customs dollar rate is consistent with the continued strategy and stability of the currency exchange rate in the latest period and of the Egyptian economy in general.

On November 1, the Ministry of Finance had announced plans to stabilise the customs exchange rate at EGP16 until November 31.

The value of the Egyptian pound against US dollars has remained roughly at the same level in recent months, trading at around EGP 17.65 against the dollar on

TAGGED:exchange rate ministry of finance

Share This Article

By Mohamed Samir

Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: https://twitter.com/Moh_S_Khedr LinkedIn: https://www.linkedin.com/in/mohamed-samir-khedr/