Regulatory Alerts2016-03-09
A circular dated March 9, 2016 regarding the cancellation of the maximum limits for cash deposits and withdrawals for legal persons importing basic goods.
Cairo, March 2016: Mr. Asst/Chairman of the Board Dear all, By amending certain provisions of educational regulations in force from February 2015 onwards pertaining to student visas and foreign goods and industrial products, I would like to inform you that the above-mentioned restrictions are being gradually lifted for students who work in the field of importing and exporting goods and industrial products. This decision comes into effect as of January 26th, 2016, with a phased implementation period until February 15th, 2016, in relation to the specific group of students mentioned above. We kindly request that you take note of this matter and appreciate your cooperation in implementing the referred decision. Respectfully yours, Taher Abou El Enein