CBE Lifts Caps on USD Deposits and Withdrawals for Companies Importing Non- Essential Commodities

Special Report

Published: 30 November 2017

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Summary

On November 28th, the Central Bank of Egypt (CBE) issued a circular regarding lifting the foreign currency cash limits for companies importing non-priority products. In this alert, we review the history and developments for such limits; in addition to the reasons for their removal and the immediate market reaction.


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