Regulatory Alerts2024-08-19
A circular dated August 19, 2024 regarding increasing the follow-up period for the receipt of export proceeds of gold jewelry
In a letter dated August 19, 2024, the Central Bank of Egypt announces an extension of the deadline for receiving export proceeds from gold jewelry exports to 75 days from the date of shipment. This extension aims to support exporters of gold jewelry due to the nature of their trade. The bank requests adherence to this decision and other applicable rules in this regard.