Saturday 31 October 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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