Our Views
The Federation of Egyptian Banks issued a statement today stressing that the Central Bank’s decision is a regulatory banking measure issued in line with the recent decisions of the Cabinet regarding the governance of import procedures, and to complement the shipment pre-registration system.
The Federation added that the decision aims to raise the quality of imported goods to protect the health and capital of citizens, ensure proper governance of the foreign trade system, protect national industry, and preserve the country’s sovereign resources.
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