2013-01-14

A circular dated December 29, 2012 regarding the rules regulating the balance limits in banks’ currency positions

The document outlines regulations set by the Central Bank of Egypt regarding foreign currency balances for banks operating in Egypt, including branches of foreign banks. The regulations aim to ensure the financial stability of banks and their smooth operation by setting limits on surplus and deficit ratios for foreign currency reserves. These regulations, effective from December 30, 2012, are to be adhered to at the end of each business day.

Egypt

Central Bank of Egypt

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