Regulatory Alerts2012-11-07
Added · Updated
Extending the exemption period for importing meat, poultry, and sugar for an additional six months ending June 2013
The Central Bank of Egypt extends the exemption allowing banks to waive the minimum 50% cash coverage requirement for imports of all types of meat, poultry, and sugar for an additional six months, until the end of June 2013. This extension applies to transactions conducted on behalf of traders for commercial purposes or government entities, subject to credit issuance controls and the results of each bank's internal credit studies for its clients.
Topics
fx
Share