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The Finance Ministry has kept the customs exchange rate unchanged at EGP 16.5 per USD 1 for May, Deputy Finance Minister Amr El Monayer told Reuters. The newswire notes that the fixed rate is around 10% below the market exchange rate.
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Plus: Incolease taps securitization market with debut EGP 2 bn…
PE and VC-backed companies were already pivoting to local exchanges…
Telda claims users can sell a position and immediately spend…
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