2022-12-18 | CBE3.10

CBE Regulation Book 3.10

The chapter discusses the prohibition of speculation in precious metals and foreign currency transactions, as well as the use of financial derivatives and the opening of Egyptian pound accounts for banks operating abroad. It outlines restrictions on banks' activities, including a ban on dealing or speculating in precious metals and strict regulations on foreign currency transactions. Banks are prohibited from engaging in margin trading on various assets and precious metals for client accounts. The chapter also outlines decisions by the Egyptian Central Bank regarding foreign exchange rate operations, forward contracts, and swap transactions, emphasizing the purpose of covering clients' commercial transactions and prohibiting speculation.

Egypt

Central Bank of Egypt

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