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Global Trade Alert

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Egypt: Central Bank lifts letter of credit import restrictions

Description

On 29 December 2022, the Central Bank of Egypt lifted the requirement for importers to use letters of credit in the importing of goods. With this change, the Central Bank of Egypt will restore the pre...

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Intervention Details

Intervention Type

Trade payment measure

MAST Chapter

G: Finance measures

Implementation date

29 Dec 2022

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 Sectors

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Affected Products

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