Egyptian pound falls to its lowest price in 5 years: Refinitiv ...Egypt

The Egyptian pound price fell to LE18.71 against the US dollar: its lowest price in the past five years, Refinitiv data showed. Informed sources said that the price of the pound reached LE18.71 against the dollar, its lowest level since February 2017, when it fell to LE18.78. The Central Bank of Egypt announced a decrease in foreign exchange reserves during May, to less than $36 billion. In turn, Egyptian Finance Minister Mohamed Maait announced that the customs tariff in Egypt has been amended to keep pace with the international developments of the 2022 Harmonized System (HS) issued by the World Customs Organization. According to Maait, the step was taken to stimulate the national industry,

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Last updated : 09 June 2022 clock 12:28 PM

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Egyptian pound falls to its lowest price in 5 years: Refinitiv ...Egypt

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