2013-10-03

Added 2024-09-20 · Updated 2026-08-16

Extending the period of exclusion for import operations of some goods whose import operations are excluded from the minimum cash insurance rate until the end of June 2014

The Central Bank of Egypt extends the exemption from the minimum 50% cash insurance rate for imports of meat, poultry, sugar, medicines, vaccines, chemical materials, infant milk, foodstuffs, animal feed, fertilizers, and insecticides for an additional six months, ending in June 2014. Banks are authorized to determine the cash coverage ratio without a minimum limit, subject to adherence to credit granting controls and the results of their internal credit studies for clients. This decision supersedes the previous exemption period which ended in December 2013.

Egypt

Central Bank of Egypt

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