Did your exports to Egypt face difficulties during 2022 due to rationing of foreign exchange? The cancellation of the requirement of letters of credit (L/Cs), might facilitate export transactions. The Central Bank of Egypt (CBE) announced last December the canceling the letter of credit (L/C) system as a requirement for imports. CBE said in a statement that it decided to restore the documentary collections system for imported goods. With this measure, Egypt hopes to reduce trade barriers ...
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