{"id":645806,"date":"2017-07-31T03:53:57","date_gmt":"2017-07-31T03:53:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/"},"modified":"2017-07-31T03:53:57","modified_gmt":"2017-07-31T03:53:57","slug":"what-were-tracking-this-week-162","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/","title":{"rendered":"What we\u2019re tracking this week"},"content":{"rendered":"

The Finance Ministry will cut the exchange rate for customs the first time in <\/strong>four months to EGP 16.25 to the greenback<\/strong>, Finance Minister Amr El-Garhy told Reuters<\/a>. The new rate, a drop from EGP 16.50, will come into effect from Tuesday. The reduction came in line<\/a> with the \u201cdrop in the FX rate \u2026 the customs exchange rate is usually set at 90% of the FX rate,\u201d the minister said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Finance Ministry will cut the exchange rate for customs the first time in four months to EGP 16.25 to the greenback, Finance Minister Amr El-Garhy told Reuters. The new rate, a drop from EGP 16.50, will come into effect from Tuesday. The reduction came in line with the \u201cdrop in the FX rate \u2026 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9490],"tags":[72,9489],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645806","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-this-week","tag-enterpriseam","tag-what-were-tracking-this-week","wpautop","entry"],"acf":{"mongo_id":"ade96967-e505-4fb8-b449-26a29f9fdf50","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645802],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking this week - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking this week\" \/>\n<meta property=\"og:description\" content=\"The Finance Ministry will cut the exchange rate for customs the first time in four months to EGP 16.25 to the greenback, Finance Minister Amr El-Garhy told Reuters. The new rate, a drop from EGP 16.50, will come into effect from Tuesday. The reduction came in line with the \u201cdrop in the FX rate \u2026 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-31T03:53:57+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What we\u2019re tracking this week\",\"datePublished\":\"2017-07-31T03:53:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/\"},\"wordCount\":73,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"What We\u2019re Tracking This Week\"],\"articleSection\":[\"What We\u2019re Tracking This Week\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/\",\"name\":\"What we\u2019re tracking this week - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-31T03:53:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What we\u2019re tracking this week\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What we\u2019re tracking this week - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/what-were-tracking-this-week-162\/","og_locale":"en_US","og_type":"article","og_title":"What we\u2019re tracking this week","og_description":"The Finance Ministry will cut the exchange rate for customs the first time in four months to EGP 16.25 to the greenback, Finance Minister Amr El-Garhy told Reuters. 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The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594638,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/floating-customs-exchange-rate-could-raise-inflation-analysts\/","url_meta":{"origin":645806,"position":1},"title":"Floating customs exchange rate could raise inflation -analysts","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"Floating customs rate could raise inflation -analysts: The decision to float the customs exchange rate could drive inflation up in the coming months if the EGP depreciates sharply against the USD, analysts told Reuters yesterday. Earlier this week, the Finance Ministry reversed a decision to set the customs exchange rate\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/776.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550163,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/17\/expat-car-import-scheme-could-raise-egp-50-bn-worth-of-fx-maait\/","url_meta":{"origin":645806,"position":2},"title":"Expat car import scheme could raise EGP 50 bn worth of FX -Maait","author":"enterpriseam admin","date":"17 October 2022","format":false,"excerpt":"A scheme to allow expat Egyptians to import cars into Egypt and draw back customs and other fees at a later date could raise USD 2.5 bn in FX: Expats could send some EGP 50 bn (c. USD 2.5 bn) into Egypt under a cabinet program that will allow Egyptians\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598696,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egypts-customs-exchange-rate-remains-unchanged-despite-strengthening-egp\/","url_meta":{"origin":645806,"position":3},"title":"Egypt\u2019s customs exchange rate remains unchanged despite strengthening EGP","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"Customs exchange rate left unchanged despite strengthening EGP: The Finance Ministry left the discounted customs exchange rate for essential imports unchanged at EGP 16 for June despite the recent uptick of the EGP against the USD, according to a Customs Authority circular (pdf). An anonymous government official told Youm7 last\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":578879,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/all-eyes-on-the-action-in-our-fx-market\/","url_meta":{"origin":645806,"position":4},"title":"All eyes on the action in our FX market","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"The international press is focusing on the return of foreign inflows to our FX market following the latest devaluation of the EGP (get the full story in What We\u2019re Tracking Today, above.) 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