2013-01-14

Added 2024-09-20 · Updated 2026-08-16

Allowing banks to temporarily refinance import operations in foreign currency

The Central Bank of Egypt permits banks to temporarily refinance clients' import operations by granting temporary foreign currency credit facilities, which are deducted from until the client secures the necessary foreign currency. This measure allows banks to establish priority mechanisms for processing foreign currency purchase requests based on their available resources, aiming to preserve foreign currency reserves and maintain economic stability.

Egypt

Central Bank of Egypt

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