The bank confirmed that those Certificate It was made available from the beginning of the working day in all bank branches and in all bank telematic channels.
as announced Central Bank of Egypt Yesterday, net foreign exchange liquid reserves increased by about $500 million, to reach about $34 billion by the end of December 2022, up from about $33.5 billion the previous November.
Foreign currencies in Egypt’s foreign reserves consist of a basket of major international currencies, which are the US dollar, the single European currency “the euro”, the pound sterling, the Japanese yen and the Chinese yuan. According to a plan drawn up by the officials of the Central Bank of Egypt.
The statement of the Central Bank said that, with reference to the periodic booklet issued on February 13, 2022, to cease dealing with collection documents in the execution of all import operations, and to work with documentary credits only when carrying out importation and waivers of the subsequent decisions, as well as the periodic ledger of October 27, 2020, to increase the value of the shipments excluded from the decision, above from five thousand US dollars or its equivalent in other currencies to 500 thousand US dollars or its equivalent in other currencies . And in the light of what was communicated by the Central Bank regarding the trend towards the gradual cancellation of these instructions until their complete cancellation was completed in December 2022, it was decided to cancel the periodic book issued on February 13, 2022 and allow collection to be accepted documents to implement all import operations.
