2022-03-10

A circular dated March 10, 2022 regarding extending the period of excluding some food products from the cash cover requirements for one year

On March 10, 2022, the Central Bank of Egypt extended the deadline for banks to provide a 100% cash cover for import operations for wheat, corn, and lentils until March 15, 2023. This decision aims to ensure the availability of essential goods and maintain stability in the Egyptian market. Banks are requested to take the necessary measures to implement this decision, considering the creditworthiness of each bank.

Egypt

Central Bank of Egypt

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