{"id":543759,"date":"2022-02-16T03:58:21","date_gmt":"2022-02-16T03:58:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/last-nights-talk-shows-the-great-debate-over-import-letters-of-credit\/"},"modified":"2022-02-16T03:58:21","modified_gmt":"2022-02-16T03:58:21","slug":"last-nights-talk-shows-the-great-debate-over-import-letters-of-credit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/last-nights-talk-shows-the-great-debate-over-import-letters-of-credit\/","title":{"rendered":"Last Night\u2019s Talk Shows: The great debate over import letters of credit"},"content":{"rendered":"

Industry officials and banking experts spoke up on the airwaves last night about the <\/strong>CBE\u2019s new import rules<\/strong>, after the bank announced it would not amend its decision requiring importers to get letters of credit (L\/Cs) for their purchases despite complaints from importers. Head of the Egyptian Businessmen\u2019s Association Ali Eissa spoke with Al Kahera Wal Nas (watch, runtime: 9:34<\/a>) and Yahduth Fi Misr (watch, runtime: 7:28<\/a>) to discuss the potential impact of the decision, which he said comes at a difficult time, with the global supply chain crunch already pressuring importers and local producers. Mohamed El Sallab, deputy chair of the House of Representatives\u2019 industry committee, also discussed the objections to the new rules with Kelma Akhira (watch, runtime: 2:23<\/a>), while Suez Canal Bank\u2019s Mohamed Abdel Aal shared his perspective on the decision\u2019s merits in a phone-in with Kelma Akhira (watch, runtime: 1:43<\/a>). We have more on the story in this morning\u2019s Trade section, above.<\/p>\n","protected":false},"excerpt":{"rendered":"

Industry officials and banking experts spoke up on the airwaves last night about the CBE\u2019s new import rules, after the bank announced it would not amend its decision requiring importers to get letters of credit (L\/Cs) for their purchases despite complaints from importers. Head of the Egyptian Businessmen\u2019s Association Ali Eissa spoke with Al Kahera […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7232],"tags":[271,917,72,106,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543759","post","type-post","status-publish","format-standard","hentry","category-last-nights-talk-shows","tag-central-bank-of-egypt","tag-egyptian-businessmens-association","tag-enterpriseam","tag-last-nights-talk-shows","tag-trade","wpautop","entry"],"acf":{"mongo_id":"4b075eac-0952-48f3-806f-e1283039d58c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543735],"teaser":"","voice_url":""},"yoast_head":"\nLast Night\u2019s Talk Shows: The great debate over import letters of credit - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/last-nights-talk-shows-the-great-debate-over-import-letters-of-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Last Night\u2019s Talk Shows: The great debate over import letters of credit\" \/>\n<meta property=\"og:description\" content=\"Industry officials and banking experts spoke up on the airwaves last night about the CBE\u2019s new import rules, after the bank announced it would not amend its decision requiring importers to get letters of credit (L\/Cs) for their purchases despite complaints from importers. 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We have more on the new rules in this morning\u2019s Trade section, above.There were advocates: A central bank directive to reduce fees for importers to obtain letters of credit (L\/Cs) is key and means that\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549666,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/finmin-blames-importers-for-the-pile-up-at-the-nations-ports\/","url_meta":{"origin":543759,"position":1},"title":"FinMin blames importers for the pile-up at the nation\u2019s ports","author":"enterpriseam admin","date":"26 September 2022","format":false,"excerpt":"Last night\u2019s talk shows gave us a little bit of this \u2014 and a little bit of that. FinMin gives big thumbs up to CBE for easing import restrictions: The Central Bank of Egypt\u2019s new rules for facilitating FX for imports is a welcome move for the Finance Ministry by\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546950,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/more-trouble-ahead-for-importers-as-customs-exchange-rate-rises\/","url_meta":{"origin":543759,"position":2},"title":"More trouble ahead for importers as customs exchange rate rises","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"Leading the airwaves yesterday: The Customs Authority\u2019s decision to hike the USD customs exchange rate to EGP 18.65 this month had 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