Regulatory Alerts2012-06-11
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Extending the exemption period for importing meat, poultry, and sugar
The Central Bank of Egypt is extending the exemption period for importing all kinds of meat, poultry, and sugar for an additional six months, ending on December 31, 2012. This decision supports the national economy and meets the local market's needs for foreign trade operations. Banks must adhere to credit controls and conduct credit studies for their clients regarding these imports.
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