2012-06-11

Extending the exemption period for importing meat and poultry of all kinds and sugar of all kinds for an additional period of 6 months ending at the end of December 2012.

The letter announces an extension of the exception for meat, poultry, and sugar imports from the minimum cash collateral requirement of 50% for a period of six additional months, ending in December 2012. This decision by the Central Bank of Egypt aims to support the national economy and meet the local market's needs through external trade operations. The letter concludes by requesting full compliance with the contents of the correspondence.

Tags
monetary
fx
credit