BusinessEconomy

Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine

Egypt's central bank raised the cap on foreign currency deposits to US$250,000 a month for importing food, capital machinery, manufacturing components and medicines, a statement from the central bank said on Tuesday.
 
The statement said the cap of $50,000 a month will remain in place for ordinary deposits that will not be used for the imports of the mentioned essential goods. 

Related Articles

Back to top button