2020-07-13

A circular dated July 13, 2020 regarding responding to banks’ inquiries regarding precautionary measures to confront the Corona virus.

The letter is addressed to Mr. Renis, a member of the Board of Directors, and discusses the precautionary measures that need to be taken to address the impact of the Coronavirus, as well as the postponement of client obligations without applying additional fees or penalties for late payments. It also mentions that any inquiries from banks should be submitted in writing to the Central Bank's website. The letter provides answers to various inquiries received from banks regarding the practical application of the aforementioned instructions, in order to unify the implementation process across the banking sector.

Egypt

Central Bank of Egypt

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