2013-02-10

Allowing Egyptian natural individuals who transfer their savings from their accounts abroad to re-transfer the same value abroad

Egyptian Prime Minister Hesham Qandil stated on February 4, 2013 that the Egyptian Central Bank Governor Hisham Ramez will allow Egyptian individuals with foreign currency deposits abroad to transfer these funds back into Egypt for investment either in foreign currency or in local currency by providing proper documentation. The central bank will also register all transfers made from foreign banks. He highly appreciates and values their trust and confidence.

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