DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
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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