Treasury & FX in Egypt

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.

Click here for more Middle East posts

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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