Dollar liquidity at branches of banks affiliated with the Egyptian government has increased significantly, as a result of allowing branches of government banks to maintain dollar liquidity in numbers exceeding in some days two million dollars, unlike what was happening in the past, where no branch was allowed to keep any amounts of hard currency.
Central banks provide their branches with any amounts they ask for in dollars, unlike in the past. Pre-booking has also been canceled for withdrawing any amounts over 10,000 in dollars or other foreign currencies. Approvals for customs releases for importers have also increased by more than 30 percent.
Source (Al-Arabiya.net Website, Edited)
