Regulatory Alerts2020-12-07
A circular dated December 6, 2020 regarding extending the period of work in the tourism sector initiative and the retail loans initiative for workers in the tourism sector until the end of 2021.
In a letter dated December 6, 2022, the Central Bank of Egypt announced an extension of its tourism sector support initiative and the consumer loans initiative for tourism workers until the end of December 2021 and December 2020, respectively. The extensions were granted in light of the ongoing coronavirus crisis and its impact on the tourism industry. The decision was made during the Central Bank's board meeting on November 30, 2020.
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monetary