2020-03-16

A circular dated March 16, 2020, supplementing the instructions issued regarding the precautionary measures that must be taken to confront the effects of the Corona virus.

In Cairo, on March 16, 2020, the Governor of the Central Bank of Egypt announced that all interest payments by corporate and individual borrowers will be postponed for six months with no additional fees or penalties. This decision was made to combat the effects of COVID-19 and reflects ongoing changes in financial markets. Please adhere to this measure starting from the specified **date**.

Egypt

Central Bank of Egypt

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