Regulatory Alerts2023-03-15
Added · Updated
Circular dated March 13, 2023 regarding extending the period of excluding some food products from the cash cover requirements for one year
The Central Bank of Egypt extends the exemption from 100% cash cover requirements for imports of rice, fava beans, and lentils for one additional year, until March 15, 2024. This decision applies to all import operations for all companies, subject to each bank's credit assessment.
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