Regulatory Alerts2020-03-19
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Circular dated March 19, 2020 regarding canceling the field inquiry procedure for credit customer suppliers
The Central Bank of Egypt has decided to stop applying the circular dated December 3, 2019, which mandated field inquiries for credit customer suppliers. This cancellation is effective immediately as of March 19, 2020, to facilitate credit granting procedures under current conditions. Banks are instructed to take necessary action based on this directive from its date.
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