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Global Trade Alert

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Egypt: The Central Bank of Egypt amended the foreign currency cash deposits limit for local companies

Description

The Central Bank of Egypt on 26 January 2016, issued a Circular specifically aiming to increase the monthly foreign currency-related cash deposit limit (i.e. the maximum amount of foreign currency-bas...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

26 Jan 2016

Revocation date

No revocation date

Implementation level

NFI

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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