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Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
January 26, 2016 / 12:43 PM / 2 years ago

Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine

CAIRO, Jan 26 (Reuters) - Egypt’s central bank raised the cap on foreign currency deposits to $250,000 a month for importing food, capital machinery, manufacturing components and medicines, a statement from the central bank said on Tuesday.

The statement said the cap of $50,000 a month will remain in place for ordinary deposits that will not be used for the imports of the mentioned essential goods. (Reporting by Asma Alsharif and Nadia El Gowely Editing by Jeremy Gaunt)

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