DCW Monthly: May 2026
It's been just under two months since the ICC Banking Commission voted against revising UCP 600, but the
Central Bank of Egypt (CBE)
7 articles
DCW Articles
Sustainable Finance: The Evolving Role of Banks in Trade Finance
Traditional financial metrics alone are no longer sufficient to support decision-making. Banks are now expected to consider sustainability risks, including environmental impact, supply chain practices, and governance standards. Doaa El Atawy explores the evolving role and where banks are headed.
DCW Updates
Egyptian LC Policy Weakened Trader Confidence
At year-end 2022, the Central Bank of Egypt (CBE) announced cancellation of its mandate requiring use of letters of
DCW Updates
Egypt to Phase Out Mandatory LCs for Imports
The Central Bank of Egypt announced in a statement released on 27 October 2022 that it will begin a process
DCW Updates
Egypt to Ease Foreign Currency Restrictions
Following an August 2022 change in its leadership, the Central Bank of Egypt has eased foreign currency restrictions by permitting
DCW Updates
Egyptian Banks Report LC Openings up 87%
Egyptian banks opened LCs worth USD 11.6 billion over a six-week stretch from 1 March to mid- April 2022
DCW Updates
Domestic Correspondent Report: Egypt's New Importation Process
Starting March 1, 2022, Egypt's Central Bank now mandates the use of documentary credits for import operations, discontinuing documentary collections, except for certain exceptions.
DCW Updates
Egypt’s Central Bank Mandates LC Use for Imports
The Central Bank of Egypt announced in mid-February 2022 that Egyptian banks must only accept letters of credit for the purchase of imports.