Circular dated March 5, 2026 regarding extending the period of excluding some food products from the cash cover requirements for one year

Mr. Professor/ Chairman of the Board Bank Cairo on: March 5, 2026

Greetings,

Referring to the letter from the Central Bank of Egypt dated December 21, 2015, regarding import operation controls and subsequent circulars, the latest being the circular dated March 26, 2025, concerning allowing banks to exempt rice, beans, and lentils from 100% cash cover on import operations for commercial purposes for a period of one year ending on March 15, 2026,

And in light of the Central Bank's monitoring of the Egyptian market needs and its keenness to facilitate import procedures to meet citizens' needs, it has been decided to extend the aforementioned exemption period for another year, ending on March 15, 2027.

This decision applies to all import operations for all companies, taking into account the credit study conducted by each bank.

Please take the necessary action to implement the aforementioned decision.

Please accept our highest regards,

Hassan Abdullah