2023-03-15

A circular dated March 13, 2023 regarding extending the period of excluding some food products from the cash cover requirements for one year

On March 13, 2023, the Central Bank of Egypt extended the period for banks to exempt rice, beans, and lentils from the 100% cash margin requirement on import transactions for trade purposes by one year, until March 15, 2024. This decision aims to facilitate import procedures and meet the needs of the Egyptian market and its citizens. The extension applies to all import transactions of all companies, subject to the credit study conducted by each bank.

Egypt

Central Bank of Egypt

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