Regulatory Alerts2026-03-09
Added · Updated
Circular dated March 5, 2026 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 allowing banks to exclude rice, beans, and lentils from 100% cash cover requirements on import operations for commercial purposes for an additional year, ending on March 15, 2027. This decision applies to all import operations for all companies, subject to the credit study conducted by each bank.
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