2019-03-07

A circular dated March 6, 2019 regarding the exception of some food products from the cash cover requirements for one year

On March 6, 2019, the Central Bank of Egypt issued a letter to the Chairman of the Board of Directors of a bank, allowing an exception to the cash coverage requirement for rice, beans, and lentils imports. This exception is valid for one year, ending on March 15, 2020, and applies to all import operations of all companies, subject to the credit study conducted by each bank. The letter emphasizes the bank's efforts to facilitate import procedures and meet the needs of Egyptian citizens.

Egypt

Central Bank of Egypt

Show thumbnail