Cairo in:
Mr. / Chairman of the Board
Bank
within the framework of what he had done of the Central Bank of Egypt from the steps of Honھa strengthen confidence in the national economy and regulate
the import process and work to tighten controls on foreign currency transactions, and of which the instructions related to ending
the maximum deposit cash in foreign currencies at banks , not to exceed 10 thousand dollars - or the equivalent currency
foreign - during the day and a maximum of 50 thousand US dollars during the month, and in order to facilitate the import of goods and products
are basic, the board of the Central Bank in its meeting held on January 20, he decided in 2016 that:
1 . Increase the maximum cash deposit for juridical persons in order to meet the requirements, to cover the operations
of import to become a US $ 250 thousand monthly A - or its equivalent in foreign - and without the fullest extent currency
deposit daily, for the goods the following core products:
(a) basic ration of food commodities.
B machines and production equipment, and spare parts.
(c) intermediate goods and production requirements and raw materials.
D. medicines and vaccines, chemicals own Bھa.
the part or all of the unutilized balance of cash deposits during the month to meet import operations portion
of the maximum cash deposits in the following month.
2. Validity of instructions relating to the Status of maximum cash deposit in foreign currencies by 10 thousand dollars to continue
US - or its equivalent in foreign currency - during the day and a maximum of 50 thousand US dollars during the month without
modifying each of the following:
(a) natural persons
shall legal persons other than those stated above.
please kindly reminding about to take the necessary action to that resolution as of that date.
Yours sincerely ,,,
Tarek Amer
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