2015-05-13

Extending the period for excluding import operations of some goods from the minimum cash insurance rate until the end of December 2015

In a letter dated May 13, 2015, the Chairman of the Board requests an extension of an exception for certain goods from the minimum cash collateral requirement of 50%. The exception, initially granted for 6 months, is extended for an additional 6 months until the end of December 2015. The letter emphasizes the need for compliance with the Egyptian Central Bank's lending guidelines and creditworthiness assessments.

Egypt

Central Bank of Egypt

Show thumbnail