{"id":650095,"date":"2017-03-16T04:05:06","date_gmt":"2017-03-16T04:05:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/"},"modified":"2017-03-16T04:05:06","modified_gmt":"2017-03-16T04:05:06","slug":"egp-slipped-to-egp-18-23-per-usd-yesterday","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/","title":{"rendered":"EGP slipped to EGP 18.23 per USD yesterday"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>The EGP continued its slide yesterday, <\/strong><a href=\"http:\/\/www.cbe.org.eg\/en\/EconomicResearch\/Statistics\/Pages\/ExchangeRatesListing.aspx\"><strong>changing hands <\/strong><\/a><strong>at an average of EGP 18.23 to the <\/strong><strong>USD<\/strong>, with the punditocracy saying the greenback is strengthening thanks to our insatiable appetite for seasonal imports for Ramadan. Meanwhile, <strong>the Finance Ministry has raised the exchange rate for customs to EGP 17 per USD 1 yesterday<\/strong>, according to <a href=\"http:\/\/uk.reuters.com\/article\/egypt-economy-customs-idUKC6N1DT01E\">Reuters<\/a>, in line with <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/15\/what-were-tracking-on-15-march-2017\/\">market predictions<\/a>. The rate, which was raised from EGP 15.75 per USD 1, will be in place until 30 March when it will be reviewed by the ministry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EGP continued its slide yesterday, changing hands at an average of EGP 18.23 to the USD, with the punditocracy saying the greenback is strengthening thanks to our insatiable appetite for seasonal imports for Ramadan. Meanwhile, the Finance Ministry has raised the exchange rate for customs to EGP 17 per USD 1 yesterday, according to [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-650095","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e6322cdc-913b-4dca-a20c-279a3d523bf0","order":"0","is_powered_by":true,"section_story_id":"a8ae28c1-98d8-4f8f-b283-4c228bbc614c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[650088],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGP slipped to EGP 18.23 per USD yesterday - 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\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGP slipped to EGP 18.23 per USD yesterday\" \/>\n<meta property=\"og:description\" content=\"The EGP continued its slide yesterday, changing hands at an average of EGP 18.23 to the USD, with the punditocracy saying the greenback is strengthening thanks to our insatiable appetite for seasonal imports for Ramadan. Meanwhile, the Finance Ministry has raised the exchange rate for customs to EGP 17 per USD 1 yesterday, according to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-16T04:05:06+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\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGP slipped to EGP 18.23 per USD yesterday\",\"datePublished\":\"2017-03-16T04:05:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/\",\"name\":\"EGP slipped to EGP 18.23 per USD yesterday - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-03-16T04:05:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGP slipped to EGP 18.23 per USD yesterday\"}]},{\"@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":"EGP slipped to EGP 18.23 per USD yesterday - 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\/03\/16\/egp-slipped-to-egp-18-23-per-usd-yesterday\/","og_locale":"en_US","og_type":"article","og_title":"EGP slipped to EGP 18.23 per USD yesterday","og_description":"The EGP continued its slide yesterday, changing hands at an average of EGP 18.23 to the USD, with the punditocracy saying the greenback is strengthening thanks to our insatiable appetite for seasonal imports for Ramadan. 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The decision was based on an average FX rate of EGP 16.3 per USD and takes into account increases in production costs. 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The EGP hit fresh two-year highs against the greenback last week, breaking the EGP\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":650095,"position":3},"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. 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