2015-09-01

A circular dated August 30, 2015 regarding the maximum limit for transfers abroad

In a letter dated August 30, 2015, addressed to the Chairman of the Board, the author, هشام رامز عبد الحافظ, discusses foreign currency transfer limits for Egyptian and foreign clients. He emphasizes that there are no restrictions on transfers derived from clients' self-generated funds, such as income or investment returns, as long as they adhere to the specified procedures. He also reiterates that Egyptian individuals are permitted to repatriate their savings to Egypt and subsequently transfer the same amount back abroad.

Egypt

Central Bank of Egypt

Show thumbnail