Treasury & FX in Egypt

Posted on Feb 26, 2020 by rupertkeenlyside

FX & Treasury in Egypt

Call date: 11th Feb 2020

Members from EU and the U.S compare their experiences with FX, cash repatriation, AP, and local banking in Egypt.

The call was chaired by Arnaud Francq, the key discussion details are below.

If you would like a copy of this report, please get in touch.

Key areas of discussion

FX – accessing hard currency is no longer a problem.
Cash repatriation – is ‘smooth but cumbersome’ via intercompany invoicing, royalties and dividends.
AP is slow but reliable – cashless collections (cards etc. are challenging)
Local banking, interbank transfers & cheque outsourcing
Including Egypt in a multilateral netting programme

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