Regulatory Alerts2026-03-09
A circular dated March 5, 2026 regarding extending the period of excluding some food products from the cash cover requirements for one year
The Central Bank of Egypt has extended the exemption for rice, beans, and lentils from the 100% cash cover requirement for import operations. This exemption, previously set to expire on March 15, 2026, is now prolonged for another year, concluding on March 15, 2027, to facilitate market needs and benefit citizens. The decision covers all companies' import activities, contingent on individual bank credit assessments, and banks are instructed to ensure its immediate implementation.
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