Egypt Currency Devaluation
March 2016The Egyptian central bank devaluated on March 14, 2016 the pound by nearly 13%, from previous 7.73 exchange rate to 8.95 per dollar, the highest devaluation in the last 13 years.
Egypt plans to increase its foreign currency reserves to & 25 billion by the end of 2016.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.