IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 08 Mar 2016 | Removal date: open ended
Still in force

Control on personal transactions

The Central Bank of Egypt on 08 March 2016, issued a Circular which for the first time fully lifted the foreign currency cash deposit and withdrawal limits exclusively for parties which legal status characterizes them as natural persons. 

The previously existing foreign currency cash deposit for natural persons in Egypt was limited at USD 50.000 on a monthly basis. Furthermore, a withdrawal limit of USD 10.000 per day was also applicable for natural persons. 

 

By legal definition, a natural person is a person that is an individual human being rather than a legal person which may be a private or public organisation. 

AFFECTED COUNTRIES

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