2023-04-05

A circular dated April 5, 2023 amending the follow-up period for the receipt of gold export proceeds for some operations

In a letter dated April 5, 2023, the Cairo administration decided to exempt certain gold export transactions from the standard 7-day period for monitoring the receipt of export proceeds. These exemptions include gold exports for foreign manufacturing and subsequent re-importation, as well as local manufacturing of imported gold, with a 30-day period for monitoring the receipt of proceeds/entitlements. The letter requests adherence to these directives.

Egypt

Central Bank of Egypt

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