Regulatory Alerts2020-03-16
Added · Updated
Circular dated March 16, 2020 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 cash cover requirements for imports of rice, fava beans, and lentils by one additional year, until March 15, 2021. This decision applies to all import transactions for all companies, subject to each bank's credit study.
Topics
fx
monetary
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