2017-11-28

A circular dated November 28, 2017 regarding the cancellation of the maximum limits for cash deposits and withdrawals for legal persons working in the import of non-essential goods.

In a letter dated November 28, 2017, the Governor of the Central Bank of Egypt, Tarek Amer, informed the Chairman of the Board of Directors of a decision to lift the previously imposed maximum deposit and withdrawal limits for legal entities engaged in the import of non-essential goods. The limits were set at $10,000 per day for deposits and $50,000 per month, with a withdrawal limit of $30,000. The letter requests that the necessary actions be taken to implement this change effective immediately.

Egypt

Central Bank of Egypt

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