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The tourist rate for the pound has fallen from €1.40 in 2008 to €1.08 yesterday.
Yesterday the tourist rate was $1.55 for online buyers – and even less, $1.48, at Post Offices on the high street.
To attract Western currency, tourism was to be encouraged by doubling the old tourist rate of exchange.
He said that league repre sentatives who had taken traveler's checks had received the tourist rate, about double the official exchange rate of 4.65 rupees to the dollar, for about $100‐thousand in expen ditures.
Mr. Beer disclosed that on his return from New York on Saturday he sent a strongly worded message to President Agha Mohammad Yaha Kahn of Pakistan, asking for an ex change rate at least the same as the tourist rate and warning that there would be serious consequences on world opinion if it was not granted.
Egypt has an official rate and a tourist rate.
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These rates are based on interbank exchange rates not the tourist rates available on date of publication.
But like the room Shamali and his friends rented this weekend, the price was higher than usual tourist rates.
We walk around the ancient ramparts and lunch in one of the many cafe-lined plazas; I help him decipher his English homework and he not only acts as my translator at the bank but also helps me negotiate a cheap bus ticket, bypassing inflated tourist rates.
This also means we're not staying in hotels and paying expensive tourist rates in each city.
Lessening tourist rates has given way to rampant unemployment and increased emigration -- and that's evident from numerous empty storefronts and homes for sale.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com