2024-03-11

A circular dated March 11, 2024 regarding extending the period of excluding some food products from the cash cover requirements for one year

On March 11, 2024, the Central Bank of Egypt extended the exemption period for rice, beans, and lentils from the cash cover requirement for import transactions for trade purposes by one year, until March 15, 2025. This decision aims to facilitate import procedures and meet the needs of the Egyptian market and its citizens. The decision applies to all import transactions of all companies, subject to the credit study conducted by each bank.

Egypt

Central Bank of Egypt

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