AreaEgypt

Commodity GroupRice

CommodityAll

Date07/03/2019

Policy CategoryTrade

Policy InstrumentFinance and credit facilities

DescriptionRescinded orders requiring upfront cash payment for imports of rice, lentils and fava beans, effective from 6 May 2019 until 15 March 2020. The measure will allow traders of these commodities to obtain letters of credit, without having to deposit the commodities' full import value in foreign currency.