IIBLP Event Materials | 2025 New York
Standby & Guarantee Forum: November 4 Event Slide Presentations: * Treasury, Working Capital & RIsk Management * Case Closed- Lessons from SBLC
The Central Bank of Egypt announced in a statement released on 27 October 2022 that it will begin a process of phasing out mandatory use of LCs for import finance by December 2022.
The policy, implemented in March 2022, was designed to curtail US dollar outflow but instead stifled imports resulting in severe shortages of consumer goods.
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