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CBE extends exemption of three commodity imports from 100% cash requirement

CBE extends exemption of three commodity imports from 100% cash requirement
This decision is aimed at meeting the needs of the local market

Cairo – Mubasher: The Central Bank of Egypt (CBE) has extended the exemption period for rice, lentils, and fava beans from the 100% cash cover requirements for one year ending on 15 March 2022.

This decision is aimed at facilitating the procedures of importing basic commodities to meet the needs of the local market, according to a statement on Tuesday.