Rule · CBE · 7 Jul 2013
The Central Bank of Egypt instructs all banking branches to open account No. 306/306 in the name of Egypt Support to receive donations and contributions from citizens and legal entities. The directive mandates that no commissions or fees be charged on incoming transfers to this account, including for foreign branches and wholly-owned subsidiaries. Banks must transfer daily incoming donations to the Central Bank's designated account and accept foreign currency deposits at the specified number. Branches are required to confirm account opening immediately and facilitate donor preferences.
Dear Mr. / Chairman of the Board of Directors
Bank
Greetings,
Please be informed and notified of the necessity to take the necessary measures regarding the opening of account No. 306/306 in the name of (Egypt Support) at all branches of your bank, for the purpose of receiving donations and contributions from citizens and legal entities, taking into account the following:
No commissions or fees shall be collected on transfers received into the aforementioned account.
Regarding Egyptian banks abroad and foreign banks wholly owned by an Egyptian bank, please be notified that no fees or commissions shall be collected on transfers made through them.
It is necessary to transfer donations received by your bank at the end of the working day to account 306/306 in the name of Egypt Support under number 9/450/63000/5, opened by the Central Bank of Egypt for the same purpose.
Foreign currency deposits are also accepted at the aforementioned number.
EGYPT SUPPORT / in the name of CENTRAL BANK OF EGYPT / at 54 ELGomohria, St. Swift Code of the Central Bank of Egypt: CBEGEGCXXXX
This is done through Citibank New York, Swift Code of the Correspondent: XXX33CITIUS
Account number of the Central Bank of Egypt with them: 36001304
We request your swift confirmation of the opening of the aforementioned account for all branches of your bank and to inform the branches to respond to the wishes of donors.
Please accept our highest respect and appreciation,
Gamal Naguib
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