Regulatory Alerts2019-03-07
Added · Updated
Circular dated March 6, 2019 regarding the exception of some food products from the cash cover requirements for one year
The Central Bank of Egypt permits banks to exempt rice, fava beans, and lentils from the 100% cash cover requirement for import operations for a one-year period ending March 15, 2020. This exemption applies to all companies, subject to the credit assessment conducted by each respective bank.
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