2014-06-12

Extending the period of exclusion for import operations of some goods whose import operations are excluded from the minimum cash insurance rate until the end of December 2014.

The CEO of Cairo Bank, Hisham Ramez Abdel-Hafiz, announced an exemption for importing meat, poultry, and sugar along with certain goods, including medications and chemicals needed by the bank's clients in this regard. This exemption will last for six months, ending on December 2014. He also emphasized that banks must follow strict guidelines provided in his speech. The decision is a response to a previously agreed plan which includes an extension of import exemptions for meat, poultry, sugar, pharmaceuticals, and chemicals until the end of December 2014. This will help maintain a stable supply chain despite the current economic challenges.

Egypt

Central Bank of Egypt

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