Egypt to keep customs exchange rate at 16 pounds in April

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CAIRO (Reuters) – Egypt will keep its customs exchange rate steady at 16 pounds per dollar for April, state news agency MENA said on Saturday.
Egypt began setting a monthly fixed customs exchange rate in January, following the flotation of its pound currency in November 2016. It has since set it each month.

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The pound has remained roughly at the same level in recent months, trading at around 17.6 to the dollar on Saturday.

Reporting by Omar Fahmy; Editing by Alison Williams

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