Mr. / Chairman of the Board of Directors Cairo: 13 May 2015 Bank

Greetings and,

In the context of the close and continuous follow-up of the instructions issued regarding the maximum limit for cash deposits in foreign currencies at banks, it is noted that some companies dealing with importers from certain countries with limited trade relations (Libya, Syria, Sudan, Palestine, Iraq, Yemen), which are conducted through cash deposits rather than bank transfers, are suffering.

It is also pointed out that Article (116) of the Central Bank, Banking and Monetary Authority Law issued by Law No. (88) of 2003 stipulates that the entry of foreign currency into the country is guaranteed for all travelers, provided that it is declared in the declaration prepared for this purpose if it exceeds 10 thousand US dollars or its equivalent in foreign currencies.

I would like to inform you that the current instructions in these cases require the bank to accept cash deposits in foreign currencies from the aforementioned companies dealing with (Libya, Syria, Sudan, Palestine, Iraq, Yemen) and exceeding the specified ceiling for cash deposits, while ensuring that the value of the deposits is commensurate with the size and nature of the client's usual activity and the value of documents indicating the export transaction, and obtaining from the client a statement confirming that they have declared these cash amounts when passing through a transit port or airport and stamped by the port authority, with the bank adding its stamp upon accepting the deposits. Furthermore, the bank submits a daily statement of these cash deposits according to Form No. (5018), to be submitted on the day following the day for which the statement is prepared, effective from the center on 17 May 2015.

Please take the necessary steps to fully comply with the above.

Accept my highest regards,
Hisham Ramy Abdel Hafez

{Y%71אY}FאM{(1)HhאFאW}%HfאA%FאA%אF7א}%

	x}אwhn{a8}אy8	Bank
	Daily	a
	No. of Cash Deposit
	in Currencies
	Foreign
	5018 in Thousands of USD 1	dd/mm/yyyy
	Transaction Value	Importer Country	Cash Deposit	Daily	Commercial Reg No.	Code Number	For Client	Client Name(2)
Notes(3)	Importer Name	Export Documents	Total
	0
	0	(1) 10 thousand USD daily and 50 thousand USD weekly and monthly. (2) State the client's full name in Arabic without abbreviation