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Global Trade Alert

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Egypt: Stricter monitoring of import-related money transfers

Description

On 28 December 2011, Egypt's Central Bank has tightened the rules for import-related transfers of funds abroad. After the introduction of the new rules, commercial banks must collect all documents rel...

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Intervention Details

Intervention Type

Trade payment measure

MAST Chapter

G: Finance measures

Implementation date

28 Dec 2011

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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