Egypt Daily News – The Central Bank has directed banks to finance the import of non-essential goods, represented by 13 items, which require prior approval before arranging dollars for customers.
A treasury official at one of the private banks said that the Central Bank contacted the banks via a phone call to finance non-essential goods without obtaining prior approval from the Banking Supervision and Control Department, merely notifying them of the operations after the arrangements.
The Central Bank began banning the financing of these goods from March 2022, except after obtaining approval from it for each bank, with the aim of alleviating pressure on the dollar and prioritizing essential goods before the recent breakthrough.
The list of 13 goods that the Central Bank has allowed banks to finance:
1- Fully manufactured cars.
2- Mobile phones and their luxuries.
3- Food plants and seeds.
4- Fresh fruits.
5- Cocoa.
6- Jewelry and pearls.
7- Televisions and electrical appliances.
8- Ready-made clothes.
9- Children’s games.
10- Used tires.
11- The furniture.
12- The furniture.
13- Heavy equipment such as cranes.
