To raise scarce dollars, Egypt looks to pension plans ...Kuwait

Egypt is offering a minimum $5,000 fee for Egyptians living abroad who wish to clear their military service obligations and a US dollar pension plan also aimed at its citizens abroad, in a series of fresh measures designed to boost foreign currency inflows. Over the past few months, state-owned banks have begun selling high-interest dollar-denominated bonds, and from May, a new law has granted temporary residence to foreigners who buy property for at least $50,000 or deposit $50,000 in state-owned banks. Those initiatives follow a 2022 scheme to give Egyptian expatriates tax rebates for paying fees on car imports in hard currency, and other measures to attract foreign

Hence then, the article about to raise scarce dollars egypt looks to pension plans was published today ( Wednesday 16/08/2023 - 04:44 PM ) and is available on The New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( To raise scarce dollars, Egypt looks to pension plans )

Also on site :

• Heat Warning Issued as 450,000 Told Stay Inside for 60 Hours in California
• UCSD, San Diego State part of widespread attack on Canvas education platform
• Sacramento State caught in nationwide cyberattack targeting online learning platform