Finance Ministry Keeps Customs Dollar at LE 16 for Intermediate GoodsSource: www.export-egypt.com 12/2/2018, Location: Africa |
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The Finance Ministry will keep its customs exchange rate in December at EGP 16 to the dollar as regards intermediate goods and semi-finished products like Tobacco.
Finished products like cigarettes and cigars will be subjected to the exchange rate announced by the Central Bank, the ministry said in a statement . Egypt began setting a monthly fixed customs exchange rate following the Central Bank’s decision to float the Egyptian pound in November 2016. The Finance Ministry has since reviewed the rate every month. |
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