The Central Bank of Egypt (CBE) denied any amendments to the maximum amount of foreign currency allowed to exit Egypt.
The CBE responded to recent rumours in the market about amending the maximum amount of foreign exchange allowed to exit Egypt with those who are travelling abroad. The CBE noted this in light of the executive regulation amendments to the Anti-Money Laundering (AML) law.
The recent regulations did not include the foreign exchange, the CBE said in a statement on Monday.
According to the CBE’s banking and exchange systems act, the maximum amount allowed to exit Egypt is $10,000 or its equivalent in other foreign currencies.
The CBE explained that the amendments on the executive regulations of the AML law included the travellers acknowledging the amount they have only when it is $5,000 or its equivalent in other currencies, while leaving the country.
Source: Daily News Egypt
