Promoting Industrial Growth and Encouraging Foreign Direct Investment in Egypt
Cashless Economy
- In spite of all efforts exerted to promote financial inclusion and limit cash transactions, a number of institutional and legislative barriers continue to persist.
Responsible Entities
Date 1/21/2019
- Address the legal and institutional barriers to creating a cashless economy.
- Expedite the issuance of the executive regulations of Law No. 18 of 2019— The Use of Cashless Payment Methods Law.
Responsible Entities
Date 3/21/2019
- On March 11, 2019, the House of Representatives passed a law to regulate the use of non-cash means of payment. Law No. 18 of 2019 was signed by the President and published on April 16, 2019. Issuance of the law’s executive regulations and its implementation and enforcement remain to be seen.
Responsible Entities
Date 3/11/2019