World Courant
In response to Egyptian Finance Minister Mohamed Maait, the quantity of Egyptian imports of gold exempted from customs duties for nearly a 12 months was about 4.6 tons.
The Egyptian authorities in Could 2023 agreed to exempt imports of gold in semi-finished merchandise supposed for financial circulation, jewellery and components of treasured metals from customs taxes and different duties, due to the optimistic impression this had in making an attempt to manage the markets and preserve stability and stability within the restore costs.
Over the last two months of 2023, gold costs in native goldsmith markets rose by greater than LE1,000, taking the value of Egypt’s best-selling 21 carat to LE3,600 per gram, earlier than falling to LE3 in April. .100 per gram.
The Asharq Enterprise web site reported that Maait mentioned on Saturday that there has not but been a remaining choice from the federal government on whether or not to develop the initiative to exempt gold imported for private use from customs.
The initiative ends on Could 10.
Egyptians introduced 4.6 tons of gold from overseas in a single 12 months: minister
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