March 31, 2018 / 1:11 PM / 19 days ago

Egypt to keep customs exchange rate at 16 pounds in April

CAIRO, March 31 (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.

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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