Measure for Controlling Forex MarketSource: www.export-egypt.com 4/7/2013, Location: Africa |
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A host of measures are being implemented with the aim of controlling the foreign exchange (forex) market and curb the increase in the US dollar's exchange rate against the Egyptian pound. These measures envisage increasing the dollar exchange rate in the official market to P.T. 685 for purchase and P.T. 688 for sale whether in banks or in foreign companies, a matter which helped reduce rates of the dollar trading in the parallel market over the past hours to only 2 percent.
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