VOL. XLVI
No 14
07-April-2003
EGYPT
Egypts Attempts To Stamp Out The Black Market Attracting Further Criticism
The Egyptian Government announced on 24 March a new foreign exchange law that aims to eliminate the countrys persistent black market for US dollars and improve dollar liquidity at its banks. It ordered exporters who earn dollars or other hard currencies to transfer at least 75% of export earnings to state-owned banks within a maximum period of three months of the transaction and then...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!