The Ministry of Finance decided to maintain the price of the US dollar used at customs at EGP 18.5 until the end of February, applicable to all imports. He pointed out that the new price is considered fair according to the price of the US dollar at banks. Minister of Finance Amr El-Garhy had said on Sunday that the price of the customs US dollar will be fixed starting February. Customs US dollar is the price on which tariff and taxes imposed on imports are calculated. Companies and importers have called on the government to keep the price fixed to overcome the volatility in prices on imports.

Source: Daily News Egypt January 17, 2017 12:30 UTC