Regulatory Alerts2013-02-07
Taking into account giving priority in managing foreign currency for import operations of some products
Cairo, February 4th, **2013** ## Greetings and salutations, By referring to the statement of the Governor on January 14th, **2013**, the Central Bank allows banks to set up special accounts for prioritizing foreign investment requests within the limits available to the bank. Banks must pay close attention to allocating priority to foreign investment projects through import operations that follow: - Basic and staple food items and commodities. - Manufacturing equipment, machinery, and spare parts. - Intermediate goods and industrial inputs. - Petroleum products and derivatives. - Pharmaceuticals, pesticides, and chemicals. - Fertilizers, pesticides, and related materials. - Industrial oils and chemicals. Respectfully, Hesham Ramez Abd El Hafiz.