2017-10-04

Circular dated October 3, 2017 regarding increasing the reserve ratio from 10% to 14%

جمال نجم writes to inform the addressee that the required reserve ratio for banks in Egypt has been increased from 10% to 14% as of October 1, 2072, due to improvements in Egyptian economic indicators. The decision will be implemented starting from the reserve ratio period that begins on October 1, 2072, and will be calculated based on the average balances from September 7, 2072. Previous decisions made by the Egyptian Central Bank's Board of Directors remain in effect.

Egypt

Central Bank of Egypt

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