2015-05-13

Added 2024-09-20 · Updated 2026-08-16

Extending the period for excluding import operations of some goods from the minimum cash insurance rate until the end of December 2015

The Central Bank of Egypt extends the exemption period for the minimum 50% cash insurance rate on imports of specific goods, including medicines, infant milk, foodstuffs, animal feed, fertilizers, meat, and sugar, by an additional six months, extending the deadline to the end of December 2015. Banks are permitted to determine their own cash coverage ratios without a minimum floor, provided they adhere to Central Bank credit granting guidelines and conduct their own credit assessments. This directive serves as a formal notification to banks to ensure full compliance with the extended exemption terms.

Egypt

Central Bank of Egypt

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