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More trouble ahead for importers as customs exchange rate rises

Leading the airwaves yesterday: The Customs Authority’s decision to hike the USD customs exchange rate to EGP 18.65 this month had everyone talking on the airwaves. Prepare for more inflation: Prices of imported products will rise 7-9% due to the decision, Emad El Qenawy, head of the importers division at the Federation of Egyptian Chambers…

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