According to Reuters, in January of this year Egypt fixed its customs dollar exchange rate, since then adjusting it on a monthly basis, so as to help importers better cope with pricing of their merchandise. This decision came after the Central Bank of Egypt initially floated its currency in November in an attempt to at...

In Egypt, the General Authority For Supply Commodities (GASC) procures strategic agricultural commodities with the purpose of developing the local and international market, while promoting fair competitiveness and prohibiting monopoly, which implies, in a word, balancing the market. All these functions are especially ...