2017-06-14

A circular dated June 14, 2017 regarding canceling the maximum limit on transfers abroad

In Cairo, during the June 14th, 2017 event of Banking on Friendship: I would like to refer to the Central Bank of Egypt's annual report dated January 6, 2014 regarding the upper limit allowed for banks to execute their customers' requests to convert up to $100,000 once per year. Considering that the Central Bank of Egypt continues its efforts to support and guide banking practices to meet customer needs, it has decided to allow banks to execute their clients' requests to convert without any upper limit starting from a specified date, while taking into consideration: - The guidelines provided by the Central Bank regarding customer verification in banks. I greatly appreciate your attention, Tarek Amer.

Egypt

Central Bank of Egypt

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