CBE Regulation Book 8.1 - Rules And Instructions In The Field Of Dealing In Foreign Currency

The Central Bank of Egypt establishes comprehensive rules for foreign currency transactions, requiring tourist and commercial establishments to deposit foreign currency sales with the CBE and mandating that sales be made only in exchange for Egyptian pounds or through authorized banks. The CBE introduces periodic and non-periodic USD auctions to support the Egyptian pound and enhance market efficiency, while also implementing priority mechanisms for currency procurement and strict monitoring of export proceeds to prevent capital flight. Additionally, the CBE liberalizes exchange rates, allows banks to export surplus foreign currency banknotes under strict compliance standards, and maintains a Foreign Investment Fund to facilitate the repatriation of investor funds.

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Chapter One: Rules and Instructions in the Field of Dealing in Foreign Currency and the Foreign Exchange Market

1. Rules and Arrangements Issued Regarding the Regulation of Work in Tourist Establishments and Commercial Premises Whose Nature Requires Dealing in Foreign Currency

First: Establishments and Commercial Premises

Establishments and commercial premises whose nature requires dealing in foreign currency must deposit the foreign currency received from their sales of goods to the Egyptian National Bank, subject to the following:

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Lineage: In force

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Source: Central Bank of Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works