2012-11-07

Extending the exemption period for importing meat and poultry of all kinds and sugar of all kinds for an additional period of 6 months, ending at the end of June 2013.

Cairo, November 6th, 2012 In a reference to the Central Bank of Egypt and its governor in an address, it was stated that banks are allowed to increase the importation of livestock and agricultural products with all varieties, as well as sugar with all types for trading purposes or government institutions at minimum exchange rates no less than 50%. The Governor also mentioned a grace period of six additional months that would end by the last day of June 2013. This period will be considered under the supervision of regulatory authorities. Please note and take into consideration the full compliance with this statement. I would kindly request your high regard and respect, Sincerely, Governor of Central Bank of Egypt

Egypt

Central Bank of Egypt

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