INSIGHTS

In light of the precautionary measures taken by the state to limit and mitigate the consequences of the spread of the Corona virus, the Central Bank of Egypt issued some decisions during March as follows:

- On 29 March 2020 The Central Bank Of Egypt sets maximum limits for cash deposits & withdrawals within the precautionary measures to counter the effects of COVID-19 virus. For more information, please visit Central Bank of Egypt

- On 25 March 2020 The Central Bank Of Egypt includes the agribusiness companies to benefit from the industrial private sector initiative. For more information Central Bank of Egypt

- On 24 March 2020 The Central Bank Of Egypt adjusts the working hours in banks as precautionary measures to counter the effects of COVID-19 virus. For more information Central Bank of Egypt

- On 23 March 2020 Central Bank Of Egypt  grants credit facilities for two years within the tourism initiative issued to support hotels renovation. For more information Central Bank of Egypt

- On 22 March 2020 The Central Bank Of Egypt postpones credit installments for 6 months. For more information Central Bank of Egypt

- On 22 March 2020 Central Bank Of Egypt  exempts local transfers in EGP from all fees & commissions. For more information Central Bank of Egypt

- On 19 March 2020 Central Bank Of Egypt  amends the interest rate of some of the CBE initiatives. For more information Central Bank of Egypt

- On 5 March 2020 Central Bank Of Egypt Establishes  Financial Inclusion Department in Banks. For more information Central Bank of Egypt