Global Trade Alert
Global Trade Alert

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

Announcement

26 Jan 2016

The Central Bank of Egypt on 26 January 2016, issued a Circular aiming to amend the foreign currency cash deposits limits for local companies in sectors characterised as high-priority for the Egyptian economy. 

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Number of interventions

1

0 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

26 Jan 2016

Revocation date:

No revocation date

Updated: 26 Jan 2016
Controls on commercial transactions and investment instruments In force

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-...

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