2022-01-10

Circular dated January 10, 2022 regarding emergency liquidity instructions

The letter, dated January 10, 2022, is addressed to the Chairman of the Board of Directors of a bank in Cairo, Egypt, from Tarek Amer, and regards instructions for emergency liquidity. The letter outlines the Central Bank's approval of the general framework for emergency liquidity instructions, which are designed to support banks facing short-term liquidity crises and maintain the stability of the financial system. The instructions include eligibility criteria, such as financial soundness and adequate collateral, with a focus on short-term funding at higher-than-average interest rates. The letter also details the application process, required documentation, and terms for extending the funding period.

Egypt

Central Bank of Egypt

Show thumbnail