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Egypt's central bank removes forex caps for importers of essential products
March 9, 2016 / 12:15 PM / 2 years ago

Egypt's central bank removes forex caps for importers of essential products

CAIRO, March 9 (Reuters) - Egypt’s central bank has removed the caps on foreign currency deposits and withdrawals for importers of essential goods, it said in a statement.

“It has been decided to cancel the caps ... on corporates that import essential goods, while keeping the caps imposed on corporates that import other goods,” the statement said. (Reporting by Asma Alsharif; Editing by Dominic Evans)

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