2014-06-12

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 2014

The Central Bank of Egypt extends the exemption from the minimum 50% cash insurance rate for the import of specific goods, including meat, poultry, sugar, medicines, infant milk, foodstuffs, animal feed, fertilizers, and pesticides, for an additional six months until the end of December 2014. Banks are permitted to determine the cash coverage percentage without a minimum limit, provided they adhere to the Central Bank's credit granting controls and conduct their own credit assessments for clients. This directive applies to all banks and requires full compliance with the established credit controls.

Egypt

Central Bank of Egypt

Get CBE alerts

Show thumbnailShow full textSourceAdd to collection

Show thumbnail