Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Egypt Prohibits Transfer of Cash, BNI via Postal Parcels


Thu 24 Sep 2020 | 06:05 AM
Taarek Refaat

Minister of Finance Mohamed Maait issued a decision to prohibit the transfer of Egyptian and foreign currencies or any bearer negotiable instrument (BNI), including cheques, securities and bonds via postal parcels.

The decision comes after reviewing the Customs Law No. 66, the Anti-Money Laundering Law No. 80, and the Banking and Critic Law No. 88, regulating disclosure procedures for those entering and leaving the country.

The decision was published in the official gazette on Wednesday.