Egypt keeps custom dollars at 16 pounds for essential commodities in Jan.

The minister said that the custom dollar rotates around 90 percent of the prevailing dollar price in the banking market.

By the end of November, Ma’it announced raising the custom dollar to LE 18 for non-essential products, including cars, some kinds of shoes, furniture and cigarettes.

Ma’it said that the changes of the exchange rate and other economic factors affected some aspects of the Egyptian economy negatively, so the ministry had to take actions to protect the employment and job opportunities.