Official statement from Economy of egypt

0.1 for one cc 

0.6 for 100 iron for example 60×0.4 tax number = 24cc = 2.4 better than global market

Since we increased taxes to 40% to foreigners

Taxes on foreigners very big 40% so for that foreigners can sell their raws for 0.55cc to 0.6cc and egypt will buy 

And citizens sell for 0.3 

Mean per 100 = 30×0.15 tax number = 25.5cc = 2.55 better than global market 

Also egypt planning for buying all EGP in market as Making the currency more credible

Thanks for reading

Office of the Ministry of Economy

Written by Mr. Yousef efendi