FX & Treasury in Egypt

Report date: 
11 Feb 2020
  • FX – accessing hard currency is no longer a problem.
  • Cash repatriation – is ‘smooth but cumbersome’ via intercompany invoicing, royalties and dividends.
  • AP is slow but reliable – cashless collections (cards etc. are challenging)
  • Local banking, interbank transfers & cheque outsourcing
  • Including Egypt in a multilateral netting programme

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