2022-10-27

A circular dated October 27, 2022 regarding increasing the limit for exempting shipments from the documentary credits decision dated February 13, 2022.

On October 27, 2022, the Central Bank of Egypt issued a letter to the Chairman of the Board of Directors of a bank, informing him of an increase in the value of shipments exempt from the requirement to use documentary credits for import transactions. The exemption limit has been raised from $5,000 to $500,000 or its equivalent in other currencies, effective immediately. The letter expresses the highest regards.

Egypt

Central Bank of Egypt

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