Regulatory Alerts2013-07-07
Added · Updated
Opening account No. 306/306 in the name of Egypt Support
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.
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Topics
payments
monetary
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