Cabinet: No instructions from CBE to halt financing for importing some commodities

General

The Cabinet’s media center has denied reports circulated by some social media websites alleging that the Central Bank of Egypt (CBE) has issued instructions to halt providing the necessary financing for importing a number of commodities, including cars and mobile phones.

 

The media center said in a statement Friday that it has contacted the CBE, which dismissed such reports stressing that a post circulated in this regard is fake.

 

The statement noted that all legal measures will be taken against the rumor-mongers.

 

Source: State Information Service Egypt