Egypt sets the exchange rate in the 2019-2020 budget at 17.46 pounds



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CAIRO – The Egyptian Ministry of Finance said the exchange rate for the year 2019-2020 was set at 17.46 pounds per dollar.

The ministry in response to journalists' questions through input of Watts said that the exchange rate had been confirmed with the next financial year's budget based on the official average exchange rate set by the Central Bank; from 1 to 15 March.

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The ministry was rejected in today's statement by today's media rehearsals on the exchange rate estimates used in the 2019-2020 budget.

The Minister said that the Council had been given the budget by the Ministers of Ministers 2019-2020 yesterday, and it was agreed, and to finalize the necessary legal procedures in preparation for sending the budget to the House of Representatives at the end of the campaign. T this month.

Reuters reported on the sources of government, where the Egyptian government sold sales 18 The draft budget for the next financial year 2019-2020.

According to Reuters sources, the government reduced the petroleum support materials in the draft budget for the next financial year to 52.8 billion (3.06 billion dollars) from around 89 billion pounds in the budget this year..

The half-yearly report was noted by the Ministry of Finance as to the change in the current year's budget from 17.25k to 18 pounds..

The Egyptian pound sees a significant increase against the US dollar in the last period, reaching 17.39 pounds for sale, according to recent data from the Central Bank..

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