2021-03-23

A circular dated March 23, 2021 regarding extending the period of excluding some food products from the cash cover requirements for one year

In a letter dated March 23, 2021, the Governor of the Central Bank of Egypt communicated a decision to extend the period of relaxed import procedures for rice, beans, and lentils for another year, ending on March 15, 2022, to meet the needs of Egyptian citizens. This decision applies to all import operations of all companies, subject to the credit study conducted by each bank. The letter was addressed to the Chairman of the Board of Directors of a bank, requesting that necessary action be taken to implement the mentioned decision.

Egypt

Central Bank of Egypt

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