Immigration Min. Denies Preventing Egyptians Abroad from Withdrawing Foreign Currency in Local Banks

Soha Gendy, Egyptian Minister of State for Immigration denied preventing Egyptians abroad from withdrawing foreign currency inside Egyptian banks.

This came during an interactive meeting with representatives of Egyptian communities in the following countries: “The Netherlands, Belgium, and Luxembourg, in the presence of Egyptian ambassadors in these countries.

Regarding the integration of Egyptians abroad in investment projects, Gendy affirmed her keenness to implement the recommendations of the Egyptian Entities Abroad Conference, as well as starting steps to launch an investment company for Egyptians abroad, and paying attention to real estate and agricultural investment, as well as investing in health, education and tourism.

Rumors of imposing customs on jewelry, personal jewelry, and personal electronic devices, the Minister of Immigration confirmed that this talk is completely unfounded, stressing that customs are not imposed on gifts, but customs are imposed on commercial purposes, noting that the gift limit, according to the Ministry of Finance, is 10 thousand pounds

The Minister of Immigration confirmed that the accounts opened in hard currency inside Egypt guarantee the owner of obtaining his money in the same currency, or transferring it to the equivalent of other currencies, if the account holder requests that.