23 Hrs
Source:
اليوم السابع
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Source: اليوم السابع
23 Hrsاليوم السابع
Source: اليوم السابع
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The Central Bank and the banking system law prohibit licensing conditions for money transfer companies, requiring that they be Egyptian joint-stock companies with a minimum capital of 25 million Egyptian pounds. Foreign companies can be licensed to establish branches with a minimum capital of one million dollars. It is also required to appoint an auditor registered in the Central Bank's register who audits no more than three companies, and the bank must be notified within 30 days of the appointment. The law oversees the operational system and supervision of money transfer companies in Egypt.
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