A specific date has not been set, but the certificates will be available to the public after a presidential decree is passed to ratify a law drafted by the Cabinet, which allows the Suez Canal Authority to issue certificates.
The Central Bank has already printed six million certificates, according to Central Bank Governor Hesham Ramez, who spoke about the details of the financing scheme at a press conference on Sunday. Egyptians living abroad will be able to buy certificates from corresponding local banks once they are announced on the CBE’s website.
A specific date has not been set, but the certificates will be available to the public after a presidential decree is passed to ratify a law drafted by the Cabinet, which allows the Suez Canal Authority to issue certificates.
The Central Bank has already printed six million certificates, according to Central Bank Governor Hesham Ramez, who spoke about the details of the financing scheme at a press conference on Sunday. Egyptians living abroad will be able to buy certificates from corresponding local banks once they are announced on the CBE’s website.
