Tuesday 4 August 2020

Egypt lifts forex transaction caps for companies

CAIRO, March 9, 2016

Egypt's central bank has removed caps on foreign exchange deposits and withdrawals for companies, the state-owned Al Ahram newspaper reported on Wednesday, a day after lifting withdrawal restrictions for individuals.

It gave no immediate details. The central bank has not yet published a statement announcing any decision. – Reuters

Tags: Egypt | Foreign Exchange | Companies |

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