2021-01-03

A circular dated January 3, 2021 regarding the initiative to replace vehicles with dual fuel

The Central Bank of Egypt is supporting the country's efforts to achieve sustainable development goals, including environmental and social considerations. In line with the state's push to replace fuel-powered vehicles with dual-fuel ones, the Bank has launched an initiative to provide 15 billion Egyptian pounds in loans to individuals wishing to switch to dual-fuel vehicles, with an interest rate of 3%. The loan repayment period is between 7 and 10 years, with equal monthly installments.

Egypt

Central Bank of Egypt

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