2016-03-09

A circular dated March 9, 2016 regarding the cancellation of the maximum limits for cash deposits and withdrawals for legal persons importing basic goods.

In a letter dated March 9, 2016, the Central Bank of Egypt informed the Chairman of the Board of Directors of its decision to lift the previously imposed limits on cash withdrawals and foreign currency deposits for legal entities engaged in the import of essential goods and products. The letter emphasized that the limits would remain in place for legal entities importing other types of goods. The bank requested the Chairman to ensure that the aforementioned decision is implemented from that date onwards.

Egypt

Central Bank of Egypt

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