The Cabinet is preparing a draft law permits entry and exit of foreign currenciesmore than $10.000 , conditioned  its registration in customs declaration.

The Cabinet has prepared a draft law allo...

  The Cabinet is preparing a draft law permits entry and exit of foreign currenciesmore than $10.000 , conditioned  its registration in customs declaration. The Cabinet has prepared a draft law allows, travelers via the Egyptian airports and ports to enter or leave Egypt,having any sums more than $ 10,000  or the equivalentof other  foreign currencies, in one condition that such sums should be disclosed and registered  in the declarations prepared bycustoms offices  at the airports and ports . It also allows citizen or tourist, to take the rest of such sums by the end of their visits and leaving Egypt. Such facilitative procedure is in the context of  promoting tourism , investment and enhancing development, reflecting the government’skeenness to  facilitate visiting Egypt for the  arrivals,whetherthey are Egyptians returning from abroad , businessmen or tourists. A  high level government official said that the  draft law is expected to be issued within days, and once it will be adopted, necessarymeasures will be taken to facilitate and expedite the entry procedures of the arrivals from abroad, customs authority ,once the draft law is adopted, will providethe airlines operating in the Egyptian markets, who will be responsible for distributing,for free,customs declarations,to the passengers in their flights to Egypt.It is required to register the assessed amounts, so that they can easily  do this procedure, preventing any congestion or crowd in the airports during terminating travelling  procedures in the customs service.