Regulatory Alerts2021-03-23
Added · Updated
Circular dated March 23, 2021 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 of 100% cash cover requirements for the import of rice, fava beans, and lentils for one additional year, ending on March 15, 2022. This decision applies to all import operations for all companies, subject to the credit study conducted by each bank.
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