{"id":647446,"date":"2017-05-10T03:52:57","date_gmt":"2017-05-10T03:52:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/"},"modified":"2017-05-10T03:52:57","modified_gmt":"2017-05-10T03:52:57","slug":"cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/","title":{"rendered":"CBE issues new directives to regulate relationship between banks and FX bureaus"},"content":{"rendered":"

Egyptian banks can only do business with up seven foreign exchange bureaus at a time, according to the latest Central Bank directives issued late on Monday, Al Mal says<\/a>. Banks have a three-month window to comply with new regulations and present copies of their updated contracts to the CBE.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian banks can only do business with up seven foreign exchange bureaus at a time, according to the latest Central Bank directives issued late on Monday, Al Mal says. Banks have a three-month window to comply with new regulations and present copies of their updated contracts to the CBE.<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647446","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"5914d77b-9608-4190-ab6d-867e154fba3e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647405],"teaser":"","voice_url":""},"yoast_head":"\nCBE issues new directives to regulate relationship between banks and FX bureaus - 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\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE issues new directives to regulate relationship between banks and FX bureaus\" \/>\n<meta property=\"og:description\" content=\"Egyptian banks can only do business with up seven foreign exchange bureaus at a time, according to the latest Central Bank directives issued late on Monday, Al Mal says. Banks have a three-month window to comply with new regulations and present copies of their updated contracts to the CBE.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-10T03:52:57+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\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE issues new directives to regulate relationship between banks and FX bureaus\",\"datePublished\":\"2017-05-10T03:52:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/\"},\"wordCount\":61,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/cbe-issues-new-directives-to-regulate-relationship-between-banks-and-fx-bureaus\/\",\"name\":\"CBE issues new directives to regulate relationship between banks and FX bureaus - 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FX bureaus have reportedly lost much revenue\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598340,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/22\/commercial-banks-could-see-capital-requirements-rise-tenfold-under-banking-act-amendments\/","url_meta":{"origin":647446,"position":1},"title":"Commercial banks could see capital requirements rise tenfold under Banking Act amendments","author":"enterpriseam admin","date":"22 May 2019","format":false,"excerpt":"LEGISLATION WATCH- Capital requirements for commercial banks could rise tenfold to EGP 5 bn under proposed amendments to the Banking Act, Masrawy reported, quoting an unnamed CBE official\u2019s statements to state news agency MENA. 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