2012-06-11

Reducing the reserve ratio from 12% to 10%

In a letter dated May 23, 2012, the Central Bank of Egypt's Deputy Governor, Gamal Negm, informs the Chairman of the Board of Directors of a decision to reduce the reserve requirement ratio from 12% to 10%, effective from the reserve period starting June 26, 2012. This decision, made during the Central Bank's session on May 22, 2012, is in line with their continued support for the Egyptian banking sector.

Egypt

Central Bank of Egypt

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