Regulatory Alerts2024-03-11
Added · Updated
Circular dated March 11, 2024 regarding extending the period of excluding some food products from the cash cover requirements for one year
The Central Bank of Egypt extends by one year, until March 15, 2025, the exemption allowing banks to exclude 100% of the cash cover requirement for rice, fava beans, and lentils on import operations for trade purposes. This decision applies to all import operations for all companies, subject to the credit study conducted by each bank.
Topics
fx
Share