{"id":570069,"date":"2020-03-17T04:35:06","date_gmt":"2020-03-17T04:35:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/"},"modified":"2020-03-17T04:35:06","modified_gmt":"2020-03-17T04:35:06","slug":"cbe-extends-cash-cover-for-basic-foodstuffs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/","title":{"rendered":"CBE extends cash cover for basic foodstuffs"},"content":{"rendered":"<p>The Central Bank of Egypt has extended the exclusion period for some basic food commodities, namely rice, lentils and fava beans, from their 100% cash cover for one year until 15 March 2021, <a href=\"http:\/\/bit.ly\/3b4PzEr\">Al Mal reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Egypt has extended the exclusion period for some basic food commodities, namely rice, lentils and fava beans, from their 100% cash cover for one year until 15 March 2021, Al Mal reports.<\/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":[9309],"tags":[2416,271,317,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-570069","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-central-bank-of-egypt","tag-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b2d9aa23-98aa-46ec-b402-c9696d5531b3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[570045],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBE extends cash cover for basic foodstuffs - 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\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE extends cash cover for basic foodstuffs\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Egypt has extended the exclusion period for some basic food commodities, namely rice, lentils and fava beans, from their 100% cash cover for one year until 15 March 2021, Al Mal reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-17T04:35:06+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE extends cash cover for basic foodstuffs\",\"datePublished\":\"2020-03-17T04:35:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/\"},\"wordCount\":40,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"Central Bank of Egypt\",\"commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/\",\"name\":\"CBE extends cash cover for basic foodstuffs - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-03-17T04:35:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBE extends cash cover for basic foodstuffs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBE extends cash cover for basic foodstuffs - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/","og_locale":"en_US","og_type":"article","og_title":"CBE extends cash cover for basic foodstuffs","og_description":"The Central Bank of Egypt has extended the exclusion period for some basic food commodities, namely rice, lentils and fava beans, from their 100% cash cover for one year until 15 March 2021, Al Mal reports.","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-03-17T04:35:06+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"CBE extends cash cover for basic foodstuffs","datePublished":"2020-03-17T04:35:06+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/"},"wordCount":40,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Basic Materials + Commodities","Central Bank of Egypt","commodities","EnterpriseAM"],"articleSection":["Basic Materials + Commodities"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/","name":"CBE extends cash cover for basic foodstuffs - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-03-17T04:35:06+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/17\/cbe-extends-cash-cover-for-basic-foodstuffs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"CBE extends cash cover for basic foodstuffs"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":601775,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/","url_meta":{"origin":570069,"position":0},"title":"Central Bank of Egypt excludes rice, beans, lentils from 100% cash margin","author":"enterpriseam admin","date":"10 March 2019","format":false,"excerpt":"The Central Bank of Egypt has excluded rice, beans and lentils from the 100% cash margin requirement imposed on most imports, according to a statement (pdf). This exempts the three crops from a decision (pdf) taken in 2015 requiring importers to fully cover import letters of credit (LC) at commercial\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568903,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/06\/egyptian-investors-federation-propose-debt-transfer-scheme-for-faltering-factories\/","url_meta":{"origin":570069,"position":1},"title":"Egyptian Investors Federation propose debt transfer scheme for faltering factories","author":"enterpriseam admin","date":"6 February 2020","format":false,"excerpt":"The Egyptian Federation of Investors Associations proposed transfering faltering factories\u2019 outstanding debts that fall between EGP 10 mn to EGP 50 mn to the Central Bank of Egypt (CBE), reports Masrawy. The transfer would potentially see the CBE purchasing said debts from the banks to whom they are owed.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570711,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/12\/egypt-to-import-800k-tonnes-of-wheat-to-increase-reserves\/","url_meta":{"origin":570069,"position":2},"title":"Egypt to import 800k tonnes of wheat to increase reserves","author":"enterpriseam admin","date":"12 April 2020","format":false,"excerpt":"Egypt is planning to import 800k tonnes of wheat during the upcoming season as part of government efforts to boost reserves of strategic commodities, Supply Minister Ali Moselhy said, according to a statement. Egypt also expects to harvest 3.6 mn tonnes locally, potentially giving the country enough wheat to cover\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597605,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/medsofts-plans-to-invest-egp-180-mn-in-nile-silos\/","url_meta":{"origin":570069,"position":3},"title":"Medsofts plans to invest EGP 180 mn in Nile Silos","author":"enterpriseam admin","date":"31 July 2019","format":false,"excerpt":"Medsofts is planning to invest EGP 180 mn in expanding the storage capacity of Nile Silos to 235k tonnes, General Manager Tarek Tawfik told Al Mal. The expansion will be funded by three banks, including CIB and United Bank, and Medsofts \u2014 ADM\u2019s Egypt subsidiary which owns Nile Silos in\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623284,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/gasc-to-launch-next-international-wheat-tender-in-two-weeks-time\/","url_meta":{"origin":570069,"position":4},"title":"GASC to launch next international wheat tender in two weeks\u2019 time","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) could be issuing a new wheat tender next month, S&P Global says. Egypt\u2019s current consumption rate will require the country to return to the market soon, despite the Supply Ministry saying earlier this month that strategic reserves are sufficient to cover consumption until\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600112,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/20\/supply-ministry-to-establish-commodities-exchange-this-year\/","url_meta":{"origin":570069,"position":5},"title":"Supply Ministry to establish commodities exchange this year","author":"enterpriseam admin","date":"20 January 2019","format":false,"excerpt":"The Supply Ministry expects to establish an exchange market for industrial and agricultural commodities this year, Assistant Supply Minister Ibrahim Ashmawy said, according to Al Mal. The exchange will initially allow five commodities \u2014 flour, iron, oil, corn and cement \u2014 to be traded.","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/570069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=570069"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/570069\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/570045"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=570069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=570069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=570069"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=570069"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=570069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}