#dollar exchange
Egypt's Ministry of Finance has dismissed reports of increasing the dollar exchange rate for the coming fiscal year following a report by Reuters citing officials who said that the government is set to hike the exchange rate at EGP 17.5 to the US dollar. "The sources described raising the rate in the upcoming budget to EGP 17.5 from EGP 16 per $US 1 in the current budget as 'unreasonable', reports Ahram Online citing official responses to state-owned newspaper Al-Ahram. The dollar exchange…
