Suez Canal Toll Rise Takes Effect
News of the latest rise in tolls follows last year's SCA increase of a 3% rise for all ships passing through the canal. Suez Canal revenues have become more important because the country’s foreign currency reserves have shrunk from $36bn since the eve of the 25 January Revolution to $13.5bn, reports the 'Daily News, Egypt'.
Egypt received $398.5m in revenues from the Suez Canal in March 2013, according to a recent statement made by the SCA.
Source: Daily News, Egypt