{"id":601775,"date":"2019-03-10T03:56:31","date_gmt":"2019-03-10T03:56:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/"},"modified":"2019-03-10T03:56:31","modified_gmt":"2019-03-10T03:56:31","slug":"central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/","title":{"rendered":"Central Bank of Egypt excludes rice, beans, lentils from 100% cash margin"},"content":{"rendered":"<p>The Central Bank of Egypt has excluded rice, beans and lentils from the 100% cash margin requirement imposed on most imports, <a href=\"https:\/\/ent.news\/2019\/3\/675.pdf\">according to a statement (pdf)<\/a>. This exempts the three crops from <a href=\"https:\/\/ent.news\/2019\/3\/3145.pdf\">a decision (pdf)<\/a> taken in 2015 requiring importers to fully cover import letters of credit (LC) at commercial banks at the time of opening them. The decision \u2014 which will alleviate liquidity constraints for importers and encourage the import of rice and legumes \u2014 comes amid a strategy to save water by limiting the cultivation of water-intensive crops.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 banks at the time of [&hellip;]<\/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":[97,204,2416,317,72,368,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601775","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-agriculture","tag-banking","tag-basic-materials-commodities","tag-commodities","tag-enterpriseam","tag-sustainability","tag-trade","wpautop","entry"],"acf":{"mongo_id":"6f2e3046-5a4d-4155-b316-21d6ac2a51e8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[601741],"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>Central Bank of Egypt excludes rice, beans, lentils from 100% cash margin - 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\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank of Egypt excludes rice, beans, lentils from 100% cash margin\" \/>\n<meta property=\"og:description\" content=\"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 banks at the time of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-10T03:56:31+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\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Central Bank of Egypt excludes rice, beans, lentils from 100% cash margin\",\"datePublished\":\"2019-03-10T03:56:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/\"},\"wordCount\":97,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"agriculture\",\"banking\",\"Basic Materials + Commodities\",\"commodities\",\"EnterpriseAM\",\"sustainability\",\"trade\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/central-bank-of-egypt-excludes-rice-beans-lentils-from-100-cash-margin\/\",\"name\":\"Central Bank of Egypt excludes rice, beans, lentils from 100% cash margin - 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Egypt would not need to import rice as the production would exceed the local demand of 3.2\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":625194,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/india-offers-to-sell-egypt-rice-at-egp-6600-per-tonne\/","url_meta":{"origin":601775,"position":2},"title":"India offers to sell Egypt rice at EGP 6,600 per tonne","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"India has offered to sell Egypt rice at EGP 6,600 per tonne, the head of the Federation of Egyptian Industries\u2019 rice division, Ragab Shehata, told Al Shorouk. Shehata did not clarify how much rice Egypt is looking to buy from India. A report from the US Agriculture Department\u2019s foreign service\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":544632,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/fresh-exemptions-from-filing-l-cs-for-some-imports-central-bank-exempts-some-foodstuffs-from-cash-cover-for-another-year\/","url_meta":{"origin":601775,"position":3},"title":"Fresh exemptions from filing L\/Cs for some imports + central bank exempts some foodstuffs from cash cover for another year","author":"enterpriseam admin","date":"14 March 2022","format":false,"excerpt":"No L\/Cs required for operational imports: Some goods imported by companies and organizations for their own use \u2014 as opposed to for resale or as raw materials for manufacturing, for example \u2014 will be exempted from filing certain customs forms with banks, including letters of credit (L\/Cs), the Central Bank\u2026","rel":"","context":"In &quot;Trade&quot;","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/165.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627315,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/rice-imports-are-bad-for-local-growers-not-an-effective-tool-for-market-regulation-farmers-say\/","url_meta":{"origin":601775,"position":4},"title":"Rice imports are bad for local growers, not an effective tool for market regulation, farmers say","author":"enterpriseam admin","date":"29 July 2018","format":false,"excerpt":"Egypt\u2019s decision to start importing rice is bad for local growers and is not the right tool to use to regulate 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agreement that President Abdel Fattah El Sisi signed with his counterpart Tran Dai Quang in Cairo last week, the head of the Federation of Egyptian Industries\u2019 (FEI) rice division, Ragab Shehata, told Reuters\u2019 Arabic\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + 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