Tag: importers

Banks direct foreign currency to importers as commodities are held at ports due to dollar shortage

To reduce dollar shortage crisis at banks, the foreign currency deposit cap…

Hossam Mounir Hossam Mounir

Importers believe Industry Minister’s decree violates WTO agreements

Decree aims to circumvent the laws and is not fair to importers,…

Shaimaa Al-Aees Shaimaa Al-Aees

Tensions erupt between importers and CBE Governor Tarek Amer

The regulations the CBE put forth for are destructive; we demand an…

Mohamed Alaa El-Din Mohamed Alaa El-Din

CBE to cover 25% of banks’ temporary credit facilities granted to importers in foreign currencies

Banks are obliged to deposit the amounts the will obtain with the…

Hossam Mounir Hossam Mounir

Official instructions on converting importers’ debts not yet received: Banks

A prominent banker told Daily News Egypt that banks operating in the…

Hossam Mounir Hossam Mounir

CBE to convert $4bn worth of dues on importers to local currency

Tarek Amer holds frequent meetings with public bank heads to discuss developments…

Hossam Mounir Hossam Mounir

Demands continue for dollar liquidity for imports

CBE has pumped $4.8bn in liquidity since the start of 2015

Daily News Egypt Daily News Egypt