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Egypt's Zero-Customs Car Import Initiative Attracts Billions from Expats

Egypt's Minister of Emigration and Expatriates Affairs Soha Gendy announced that payment orders totaling USD 1.97 billion (EGP 94 billion) have been issued for beneficiaries of the zero-customs car import initiative on Saturday 4 May. As of now, approximately USD 799 million (EGP 38 billion) has been transferred into Egypt, Gendy confirmed. Since its launch
Central Bank Expatriates Affairs Soha Gendy Zero Customs Car

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