ANNOUNCEMENT 14 Jun 2017

The Central Bank of Egypt on 14 June 2017 lifted the foreign currency limits applying to natural persons. 

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Central Bank of Egypt. Circular dated 14 June 2017 regarding lifting limits of foreign currency transfers. Arabic. http://www.cbe.org.eg/en/BankingSupervision/CircularsDL/Circular%20dated%2014%20June%202017%20regarding%20lifting%20limits%20of%20foreign%20currency%20transfers.pdf

Inception date: 14 Jun 2017 | Removal date: open ended
Still in force

Control on personal transactions

The Central Bank of Egypt on 14 June 2017 lifted the foreign currency limits applying to natural persons. Previously, the foreign currency transfer limits applying to natural persons were set at USD 100'000 on an annual basis.
 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A