2020-03-16

Circular dated March 16, 2020 regarding the Irregular Customers of Natural Individuals Initiative

In March 2020, the Central Bank of Egypt issued an initiative for irregular individual debtors with total debts of less than EGP 1 million as of September 30, 2019. The initiative offers debt relief and a path to regularize their financial standing, including lifting legal and credit restrictions and releasing non-cash guarantees. The initiative was effective from the date of issuance until March 31, 2021.

Egypt

Central Bank of Egypt

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