2018-05-03

A circular dated May 3, 2018 regarding some procedures to facilitate import operations

In a letter dated May 3, 2018, the Deputy Governor of the Central Bank of Egypt announces several decisions to facilitate import procedures. These include the cancellation of certain instructions regarding import transactions and the elimination of cash collateral for small and medium-sized enterprises importing essential food items. Additionally, the letter mentions a reduction in the percentage of cash collateral for import operations on behalf of traders and government entities, subject to each bank's credit study.

Egypt

Central Bank of Egypt

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