RegAlert

Rule · CBE · 9 Mar 2016

Circular dated March 9, 2016 regarding the cancellation of maximum limits for cash deposits and withdrawals for legal persons importing basic goods

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monetary

The Central Bank of Egypt cancels the maximum limits for foreign currency cash deposits and withdrawals for legal persons engaged in importing basic goods and products, effective March 9, 2016. The existing maximum limits remain in force for legal persons importing other goods that are not classified as basic. The circular instructs recipients to take necessary measures to implement this decision.

EgyptCentral Bank of Egypt

Cairo, 9 March 2016

Dear Mr. Chairman of the Board of Directors,

Greetings,

With reference to the instructions issued in February 2015 regarding the maximum limits for cash withdrawals and deposits in foreign currencies for legal persons, and subsequently on 26 January 2016 and 15 February 2016 on the same subject.

I would like to inform you that it has been decided to cancel the aforementioned maximum limits for legal persons working in the field of importing basic goods and products, while maintaining the limits currently in force for legal persons in the field of importing other goods, excluding basic goods and products.

This decision is effective as of its date. Please kindly ensure to notify relevant parties to take the necessary action to implement the aforementioned decision.

Yours sincerely,

Tarek Amer

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RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Instruction dated 2016-01-26Not in RegAlertInstruction dated 2016-01-26 — Not in RegAlertInstruction of 2015Not in RegAlertInstruction of 2015 — Not in RegAlertCircular dated March 9, 2016regarding the cancellation of…2016-03-09 · this documentCircular dated March 9, 2016 regarding the cancellation of maximum limits for cash deposits and withdrawals for legal persons importing basic goods (2016-03-09)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Supersedes
  • Instruction dated 2016-01-26Not in RegAlert

    “and subsequently on 26 January 2016 ... on the same subject.”

  • Instruction of 2015Not in RegAlert

    “With reference to the instructions issued in February 2015 regarding the maximum limits for cash withdrawals and deposits in foreign currencies for legal persons”

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