CBE considers penalties for import delays

Updated 4/8/2024 9:05:00 AM
CBE considers penalties for import delays

Arab Finance: The Central Bank of Egypt (CBE) is considering penalties on importers who refrained from moving their goods from ports despite arranging the necessary funds in foreign currency, according to Al Mal News, citing unnamed sources familiar with the matter.

The CBE may impose fines and blacklist importers who fail to clear goods promptly, instructing banks to monitor their accounts.

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