The move will form part of a package of economic reforms Egypt has to implement to bring back foreign investment, in return for a $12 billion IMF lending programme.
In a long-awaited move, the central bank removed limits on international currency transfers last week, scrapping a $100,000 monthly limit on individual bank transactions.
Egypt put in place strict controls on the movement of foreign currency after its 2011 political uprising, in an effort to limit the flight of capital.
(Reporting by Ehab Farouk; writing by Arwa Gaballa; editing by Giles Elgood, Larry King) ((firstname.lastname@example.org; +20 2 2578 3290;))
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