Egypt’s Cabinet, in partnership with the Central Bank of Egypt (CBE), announced plans to introduce measures to combat the rising cost of essential commodities, according to a Facebook post by the Cabinet on 3 October. The announcement comes days after President Abdel-Fattah El-Sisi directed Minister of Supply and Internal Trade Ali Al-Moselhi to address the
At the interbank foreign exchange market, the local unit opened at 82.78 against the US dollar and finally settled at 83.04, registering a fall of 33 paise against its previous close. During the session, the local unit touched a low of 83.07 and a high of 82.78.