Regulatory Alerts2020-03-23
Added · Updated
Circular dated March 22, 2020 regarding exempting local transfers in Egyptian pounds from all commissions and expenses
The Central Bank of Egypt exempts local transfers in Egyptian pounds from all commissions and expenses to reduce cash transactions and limit the spread of the coronavirus. This directive applies for a period of three months starting from March 22, 2020, and is addressed to bank boards of directors.