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2025-10-20

Added 2025-10-20 · Updated 2026-09-12

Circular on Bank Deposit Certificates for Company Establishment and Capital Operations

Banks must ensure that amounts released from bank deposit certificates used to establish companies or increase capital are deposited into the company's accounts in the same currency recorded in its commercial register and articles of association. This directive reinforces controls previously established by a circular dated March 24, 2003, and subsequent letters regarding such operations.

Egypt

Central Bank of Egypt

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Cairo, October 20, 2025.

Mr. Professor/ Chairman of the Board of Directors

Bank

Greetings and then,,

With reference to the periodic letter issued on March 24, 2003, and the subsequent periodic letters regarding the controls

that must be observed when issuing bank deposit certificates by banks to establish companies or complete the payment of

the issued capital partially, completely, or increase the capital.

I would like to emphasize that when you release the amounts listed in those issued certificates, you must adhere to adding them to the accounts

of the company with the same currency as recorded in the commercial register and its own basic system.

Please kindly give notice of the commitment to what is presented.

And please accept my highest respect,,,

Tariq Al-Khouli

Source: Central Bank of Egypt — original document

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