2017-03-08

A circular dated March 6, 2017 regarding notifying the Central Bank before procuring foreign currencies for government agencies

Dear Director/Chairman of the Board of the Central Bank... I would like to refer to the decisions issued by the Central Bank of Egypt on November 3, 2016 regarding exchange rates and pricing systems. I kindly request you to comply with the instructions given by His Excellency the Prime Minister, which mandates that your banks must inform the Central Bank before trading foreign currencies for any government authorities (economic institutions, private companies and their contractors and suppliers), without a minimum limit. It is essential that you adhere to these decisions starting from the specified date and kindly accept my deepest respects, Taher Amir

Egypt

Central Bank of Egypt

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