Regulatory Alerts2023-04-05
Added · Updated
Circular dated April 5, 2023 amending the follow-up period for the receipt of gold export proceeds for some operations
The Central Bank of Egypt extends the monitoring period for the receipt of proceeds from specific gold export operations from 7 working days to 30 working days from the date of shipment. This exception applies to exports of gold for manufacturing abroad followed by re-importation, and to imports of gold for local manufacturing followed by re-exportation. Banks are instructed to adhere to these revised timelines.
Topics
payments
fx
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