Regulatory Alerts2017-10-04
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Circular dated October 3, 2017 regarding increasing the reserve ratio from 10% to 14%
The Central Bank of Egypt increases the mandatory cash reserve ratio that banks must hold at the central bank from 10% to 14%. This decision applies to the reserve period beginning on October 10, 2017, based on the average balances constituting the denominator of the ratio from September 10, 2017. Existing decisions of the Central Bank of Egypt Board of Directors regarding this matter remain in force.
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