2013-06-17

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 December 2013

The Central Bank of Egypt extends the exemption from the minimum 50% cash insurance requirement for imports of meat, poultry, sugar, medicines, vaccines, chemicals, infant milk, foodstuffs (wheat, oils, grains), animal feed (corn, soybeans, other supplies), fertilizers, and pesticides. This extension adds six months to the previous deadline, making the new expiration date the end of December 2013. Banks retain the freedom to determine coverage ratios without a minimum floor but must adhere to credit granting controls and conduct credit assessments for clients.

Egypt

Central Bank of Egypt

Get CBE alerts

Show thumbnailShow full textSourceAdd to collection

Show thumbnail