ANNOUNCED AS TEMPORARYNo
Controls on commercial transactions and investment instruments
Specifically, in 2016, the Central Bank of Egypt introduced a monthly cap of USD 50´000, on deposits related to transactions of imports of non-essential goods entering the Egyptian jurisdiction. In addition to the denoted, the Central Bank of Egypt in 2016, also introduced a cap on withdrawals related to import transactions of non-essential goods -- i.e. a cap amounting to USD 30´000 per month with a maximal daily limit of USD 10´000.
These highlighted deposit and withdrawal limitations were fully eliminated as of 27 November 2017.
Non-essential goods include the following product categories: processed fruits, oils, chocolate and dairy products, cosmetics, detergents, home appliances, furniture cloth, dental care products, stationery, mineral water and soft drinks.
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