Egypt, facing economic crunch, restricts non-essential travel for government
The decision is the latest in a series of measures Egyptian public and private financial institutions are taking in an attempt to cope with the economic crisis.
Egyptian Prime Minister Mostafa Madbouly announced Monday a series of measures to control public spending and the use of the US dollar amid Egypt’s economic crisis, including restrictions on non-essential travel for members of government.
The new rules include the following, according to the state-owned news outlet Al-Ahram:
• The delay of any new projects that require the US dollar.
• The Finance Ministry setting exchange rates for foreign currency in coordination with the Central Bank.
