The Central Bank of Egypt (CBE) has said it will require importers to use letters of credit (LCs) rather than documentary collection when buying from abroad, despite business concerns over the move. CBE’s rule change, which aims to address import governance issues in the country, came into effect at the beginning of March. “[In recent ...

We hope you enjoyed your 4 free articles on GTR’s website this month. If you want to read more high-quality journalism, please log in below to continue your access. If you are not a subscriber, you can sign up here for just £30 a month.