2022-12-20 | CBE10.6

CBE Regulation Book 10.6 - Vehicle Replacement Initiative

The Central Bank of Egypt has launched an initiative to encourage individuals to replace their fuel-powered vehicles with dual-fuel ones by offering low-interest loans of up to 15 billion Egyptian pounds. The loan period ranges from 7 to 10 years with equal monthly installments. The Egyptian government will compensate banks for the difference in interest rates.

Egypt

Central Bank of Egypt

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