The Egyptian Ministry of Finance is studying a proposal that would oblige payments shipping agents to settle payments of taxes like floor fines at Egyptian ports in Egyptian pounds rather than in US dollars
Browsing: egyptian pound
The Egyptian pound strengthened against the US dollar on Thursday (24), trading at 16.10 against the greenback, up 9.85% year-to-date, which was boosted by higher foreign exchange inflows.
December 4 will see the termination of the mechanism guaranteeing that foreign investors could pull out their money in dollars after selling their investments in Egyptian securities. The move could allow more volatility for the Egyptian pound.
