2017-01-02

A circular dated December 29, 2016 regarding extending the work period for the tourism sector support initiative and the retail loans initiative for workers in the tourism sector

In a letter dated December 29, 2016, the Central Bank of Egypt approved a one-year extension of the tourism sector support initiative, ending in February 2018, and a six-month extension of the consumer and mortgage loans initiative for tourism workers, ending in June 2017. The extensions were granted to alleviate the ongoing impact on the tourism sector and its employees, with the bank emphasizing the importance of the industry as a pillar of the economy and a source of foreign currency.

Egypt

Central Bank of Egypt

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