2020-06-21

A circular dated June 21, 2020 regarding extending the period of exempting local transfers in Egyptian pounds from commissions and expenses until September 15, 2020.

In a letter dated June 21, 2020, the Governor of the Central Bank of Egypt, Tarek Amer, addresses the Chairman of the Board of Directors of a bank, informing him of the extension of the waiver of fees and charges on local transfers in Egyptian pounds until September 15, 2020, as a continued precautionary measure against the spread of COVID-19. He also notes the observed delays in executing local transfers, urging the bank to enhance its infrastructure and remittance departments to ensure same-day execution of client requests and promote confidence in the banking system.

Egypt

Central Bank of Egypt

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